Current: North Langley is in a Seller Market with normal listing inventories, a 31 %SOLD rate and a 101% Sell/List Ratio.
                    (This means that there is an average of a $16,000 Discount on a sale from the original list price) 

Most Active Range: Homes between $1.0 mill. - $1.2 mill. have 51.7 %SOLD rate resulting in a Seller Market
Least Active Range: Homes above $2.85 mill. have 16.9 %SOLD rate.

History: The North Langley Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $407,000.
                The North Langley Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $298,662.
                 *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: North Langley has an average Listing supply; 164 homes are for sale and with the strong 31 %SOLD monthly rate gives us a ~3 months of inventory. 13% of the active listings have reduced their price by $123,486 on average or $50,000 median in the last month.

May's Real Estate Statistics show that the seller's market is near its end. We have seen 86% of the Single-Family Homes in Metro Vancouver go up with an Average Monthly Price increase of $8,840! On the Other Hand, 67% of the Fraser Valley Detached Markets went up with a Monthly Price increase of $9,394 on average! Due to tougher mortgage qualification rules, we are forecasting that the majority of the Metro Vancouver Markets will flip to a Buyer's Market within 2-3 weeks.

Currently, Condos are in a more subdued Seller's Market with 77% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was $6,150. On the other hand, 96% of Townhouse Markets (27 out of 28) increased an average of $7,859. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.

Since 1984 RE/MAX Agents have had an edge; their monthly RE/MAX Market Reports .. It has being my privilege to expand these reports into critical marketing tools. Thank You!  Bill Coughlin

My passion to help..... I seriously dream of new marketing tools to enable you make more money! 

OK the Advanced Market Reports are tooo complicated at first glance. These reports are now split  into

• the Quick Reports for easy review
• the Advanced reports that really needs a Stats Boot Camp lesson to fully comprehend
• Forecasting for the Stats addicts like me.

Announcing the Instant Home Price Evaluator.  In the year 2012, 82% of listings from Burnaby to Chilliwack DID NOT SELL,  or were Discounted on sale an Amazing 7.8%* from the original list price!  Help to price it right has arrived! 18 % homes were listed at a salable price and sold within 3.7%* .

Our Instant Home Price Evaluator  on the right side takes just seconds and has an accuracy before adjustment of ~3.7%* of the resulting sale price 31% of the time.   * (on average)    
do call us for your custom reports and Stats Lessons  Bill Coughlin 778-374-3744

Spring 2014 Market News

 STOP  61% of 's listings from EXPIRING!