Langley, Abbotsford, and Mission Real Estate Market Update – February 2018

Here are the latest real estate market update from Macdonald Realty on Langley Abbotsford and Mission listings and sales.

Langley

In the Langley market, the benchmark sale price was $1,028,200 for detached homes. At the end of the month, there were 193 active listings and 82 sales.

The condo market had 72 sales and 73 active listings. The benchmark sale price was $424,300.

Townhomes featured 71 sales, 91 active listings and a $508,500 benchmark sale price.

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

MarketHotSheet_February2018_Langley

Abbotsford

MarketHotSheet_February2018_Abbotsford

Mission

MarketHotSheet_February2018_Mission

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

Macdonald Realty has offices in North Delta, White Rock/South Surrey, and Langley.  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