Here is the latest Langley City Detached Home market update for January, 2018
Average Sales Price:
$884,049 which is 16.7% greater year-over-year and 3.15% greater month-over-month
Number of Sales:
223 which is 15.84% fewer year-over-year and 2.60% fewer month-over-month
45 which is essentially unchanged when campared to January, 2017 and December 2017
Days on Market:
11 which, like the active listings is largely unchanged vs January, 2017 and December 2017
0.42 which is 33% less year-over-year and 2.57% fewer month-over-month.
Langley City house prices continue to rise and inventory continues to fall. Is now a good time to buy or sell a home in Langley City? That depends on your specific situation but as we come into the spring market, I expect prices to continue the upward trend. Feel free to call me and we can talk about your specific situation however.
We need more Langley home listings! In this market, there may be a great opportunity to sell for top dollar. If you know of anyone that is considering selling a Langley City property, please give me a call with his or her name and phone number and I will be happy to provide a complimentary market evaluation.
Oh, by the way...I’m never too busy for your referrals!