Fraser Valley

LANGLEY

APRIL 2024

Price Band & Bedroom CONDOS & TOWNHOMES

Community CONDOS & TOWNHOMES

SnapStats® $0 – 100,000

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 0 0 3

0 0 0 2

NA NA NA

19

6 0 0 0 3

32%

100,001 – 200,000 200,001 – 300,000 300,001 – 400,000 400,001 – 500,000 500,001 – 600,000 600,001 – 700,000 700,001 – 800,000 800,001 – 900,000 900,001 – 1,000,000

1 0 0 4

NA NA NA

67% 39% 43% 21% 32% 67% 53% 44% 71% NA*

64 94 90 57 43

25 40 28 29 38 23 16

75% 27% 45% NA* 85% 41% 39% NA

172

46 10

132

22

0 0

0 2

34

29

1,000,001 – 1,250,000 36 1,250,001 – 1,500,000 7 1,500,001 – 1,750,000 0 1,750,001 – 2,000,000 0 2,000,001 – 2,250,000 0 2,250,001 – 2,500,000 0 2,500,001 – 2,750,000 0 2,750,001 – 3,000,000 0 3,000,001 – 3,500,000 0 3,500,001 – 4,000,000 0

275 527

112 208

5 2 0 0 0 0 0 0 0 0

TOTAL*

NA NA NA NA NA NA NA NA

4,000,001 & Greater

1

TOTAL*

527

208

39%

0 to 1 Bedroom

101 251 126

36 87 59 26

36% 35% 47% 53% 39%

2 Bedrooms 3 Bedrooms

4 Bedrooms & Greater

49

TOTAL*

527

208

SnapStats®

March

April 527 208 $581 98%

Variance

Inventory

435 191

21%

Solds

9%

Sale Price

$705,000 $733,750 4%

Sale Price SQFT

$585 97%

-1% 1% 33%

Sale to List Price Ratio

Days on Market

9

12

*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 ATTACHED : Sellers Market at 39% Sales Ratio average (3.9 in 10 homes selling rate) • Homes are selling on average 2% below list price • Most Active Price Band** $600,000 to $700,000 with average 21% Sales Ratio (Sellers market) • Buyers Best Bet** Homes between $800,000 to $900,000, Langley City and up to 2 bedroom properties • Sellers Best Bet** Selling homes in Walnut Grove and minimum 4 bedroom properties **With minimum inventory of 10 in most instances

SALE PRICE

INVENTORY

SOLDS

$733,750

13 Month Market Trend

$704,900

$705,000

$680,000 $673,950 $678,500 $691,000 $690,000

$670,000 $650,000

$650,000

527

$642,750

$615,000

437

435

416

416

410

397

392

369

355

348

322

321

208

191

190

177

169

138

132

125

111

109

242

240

211

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.