Langley, Abbotsford, and Mission Real Estate Market Statistics – May 2017

Here are the latest real estate market statistics from Macdonald Realty on Langley, Abbotsford, and Mission listings and sales in May 2017.

Langley

In the Langley market, the benchmark sale price was $922,000 for detached homes. At the end of the month, there were 235 active listings and 183 sales.

The condo market had 116 sales and 86 active listings. The benchmark sale price was $311,100.

Townhomes featured 148 sales, 97 active listings and a $464,300 benchmark sale price.

It’s a seller’s market in Langley for all product types.

MarketHotSheet_May2017_Langley

Abbotsford

MarketHotSheet_May2017_Abbotsford

Mission

MarketHotSheet_May2017_Mission

Looking for more information about the real estate market in specific neighbourhoods in Langley and Fraser Valley

Macdonald Realty has offices in LangleyNorth Delta, and White Rock/South Surrey.  Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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MLS® Home Price Index (HPI) Benchmark Price

Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.

This blog post is based on market data provided by the Fraser Valley Real Estate Board (FVREB) www.fvreb.bc.ca