Here are the latest real estate market statistics from Macdonald Realty on Langley, Abbotsford, and Mission listings and sales in August 2017.
In the Langley market, the benchmark sale price was $1,007,400 for detached homes. At the end of the month, there were 284 active listings and 117 sales.
The condo market had 88 sales and 73 active listings. The benchmark sale price was $361,800.
Townhomes featured 91 sales, 102 active listings and a $464,500 benchmark sale price.
It’s a seller’s market in Langley for all product types.
Looking for more information about the real estate market in specific neighbourhoods in Langley and Fraser Valley?
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