Here are the latest real estate market update from Macdonald Realty on Langley Abbotsford and Mission listings and sales.
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.
Looking for more information about the real estate market in specific neighbourhoods in Surrey, 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