The Lower Mainland Real Estate Market Reports
Index Vancouver,  Downtown-West End, Yaletown, Richmond,  East Van,  West Van,  North Van, South Burnaby, North Burnaby, E.Burnaby-New WestCoquitlam, Port Coquitlam-Port Moody, Maple Ridge, White Rock, N. Delta, W. Surrey E. Surrey, Langley, North Langley, Chilliwack, Mission,  Abbotsford, East vrs West


  Langley Real Estate Market Reports and  Forecasts      Previous Reports 

Feb  1 2012    Langley Market Update  (Detached) namely: Brookswood Langley, Langley City, Willoughby Heights, Walnut Grove, Salmon River and all the sub-areas of Langley Real Estate Market Update Report. 

Current:  Langley city and the Langley district is a buyers market with high listing inventories, a 12%SOLD rate and a 97% Sell/List Ratio. (This means that there is an average of a $14,500 discount on a sale from the original list price)

Most Active Range: Homes between $400,000 and $500,000 have 13.8%SOLD rate resulting in a sellers market. Home sales have average discounts of $22,500 and 34 days on the market.

Least Active Range: Homes  $2 mil+  have a 1.8%SOLD (Resulting in 2 sales of 100 listings/ month) averaging 164 DOM.

History: The average home according to Langley Home Price Index * shows price increases of 8% in the months from Dec-July 2011. This $41,848 increase brought the HPI* to $546,459 Year-To-Date the Home Price Index * is virtually the same.

Future: Active Listing Inventory is ~5% higher than the same month YTD. New listings barely exceeded the sales last month meaning that we would see listing levels stabilize next month reducing the over supply.

We thank Randy Dyck for his support of these Langley Real Estate Market Updates which include sub-areas such as Langley City, Brookswood Langley, Salmon River, Willoughby Heights, Walnut Grove etc. Contact Randy as the Local Expert..... more details.

Langley Real Estate updates include the sub areas Langley City, Brookswood Langley, Salmon River, Willoughby Heights, Walnut Grove etc.

Download the full Langley.Marketupdatereport.PDF

Brookswood Langley, Salmon River, Langley City, Willoughby Heights, Walnut Grove and all the sub areas of Langley detailed stats

This Langley Real Estate Market update includes the sub areas Langley City, Willoughby Heights, Brookswood Langley, Salmon River, Walnut Grove, etc.

Click Image to compare previous STR/ MTI graphs

Index Vancouver,  Downtown-West End, Yaletown, Richmond,  East Van,  West Van,  North Van, South Burnaby, North Burnaby, E.Burnaby-New WestCoquitlam, Port Coquitlam-Port Moody, Maple Ridge, White Rock, N. Delta, W. Surrey E. Surrey, Langley, North Langley, Chilliwack, Mission,  Abbotsford, East vrs West

 Langley                     Real Estate Market Analysis Reports             


Bill Coughlin
"Realtor and Lifestyle Consultant"

604-217-3992 cell
1-888-539-4664 Toll free

Bill@coughlinteam.com
CoughlinTeam.com  

Re/Max Little Oak Realty
Offices: Abbotsford, Mission, Surrey, BC

 


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Bill Coughlin

"Realtor and Lifestyle Consultant"

604-217-3992 cell
1-888-539-4664 Toll free

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