Fraser Valley

LANGLEY

APRIL 2024

Price Band & Bedroom DETACHED HOUSES

Community DETACHED HOUSES

SnapStats® $0 - 700,000

Inventory

Sales

Sales Ratio

SnapStats® Aldergrove Brookswood Campbell Valley Fort Langley Langley City Murrayville Otter District Salmon River Walnut Grove Willoughby Heights County Line Glen Valley

Inventory

Sales

Sales Ratio

0 1 0 4

1 0 0 1

NA*

32 75

10 12

31% 16%

700,001 – 800,000 800,001 – 900,000 900,001 – 1,000,000

NA NA

8 0

0 0 3

NA NA

25% 61% 33% 28% 22% 47% 17% 10%

1,000,001 – 1,250,000 18 1,250,001 – 1,500,000 91 1,500,001 – 1,750,000 95 1,750,001 – 2,000,000 64 2,000,001 – 2,250,000 15 2,250,001 – 2,500,000 30 2,500,001 – 2,750,000 31 2,750,001 – 3,000,000 15 3,000,001 – 3,500,000 13 3,500,001 – 4,000,000 12 4,000,001 – 4,500,000 3 4,500,001 – 5,000,000 1 5,000,001 – 5,500,000 0 5,500,001 - 6,000,000 0 6,000,001 - 6,500,000 1 6,500,001 - 7,000,000 1

11 30 27 14

26 81 12 15 48 97 3

12% 20%

16 12

100%

0 4

NA

7 5 3 1 0 2 0 0 0 0 0 0 0

27% 38% 28% 26%

18 27

7%

TOTAL*

397

102

NA

17%

NA NA NA NA NA NA NA

7,000,001 & Greater

2

TOTAL*

397

102

26%

2 Bedrooms & Less 3 to 4 Bedrooms 5 to 6 Bedrooms 7 Bedrooms & More

20

3

15% 26% 32% 14% 26% 28% 19% -3% -2% 43%

179 139

46 45

59

8

TOTAL*

397

102

SnapStats®

March

April 397 102

Variance

Inventory

310

Solds

86

Sale Price

$1,500,000 $1,549,500 3%

Sale Price SQFT

$585

$567

Sale to List Price Ratio

100% 98%

Days on Market

7

10

*Sales Ratio suggests market type and speed (ie Balanced 12-20%.) Refer to YTD reports for sustained periods. If >100% MLS® data reported previous month’s sales exceeded current inventory count.

Market Summary

• Market Type Indicator LANGLEY DETACHED : Sellers Market at 26% Sales Ratio average (2.6 in 10 homes selling rate) • Homes are selling on average 2% below list price • Most Active Price Band** $1 mil to $1.25 mil with average 61% Sales Ratio (Sellers market) • Buyers Best Bet** Homes between $2.75 mil to $3 mil, Brookswood, Fort Langley and minimum 7 bedroom properties • Sellers Best Bet** Selling homes in Murrayville and 5 to 6 bedroom properties **With minimum inventory of 10 in most instances

SALE PRICE

INVENTORY

SOLDS

$1,520,000 $1,500,000 $1,549,500

$1,515,000 $1,510,000 $1,500,000 $1,490,595 $1,475,000 $1,480,000 $1,480,000 $1,518,500

13 Month Market Trend

$1,430,000

397

381

381

$1,298,000

358

352

328

314

310

302

262

254

250

206

163

111

102

93

86

84

83

77

71

71

57

46

45

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

Compliments of...

Maria Senajova Personal Real Estate Corporation Stilhavn Real Estate Services

VancouverUrbanHomes.com

604.657.1110

maria@vancouverurbanhomes.com

©2010-2024 SnapStats® Publishing Co. All rights reserved. No part of this publication may be reproduced, copied, posted on the internet or forwarded in any printed or electronic format without written permission. This report data was captured on May 1, 2024 from the Fraser Valley Real Estate Board MLS®. Refer to our YTD reports for sustained periods of the Sales Ratio %. The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Maria Senajova do not assume any responsibility or liability. More info at snap-stats.com.