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Langley Condo Market - February, 2018 Vital Statistics

Blog by Robert McLean | March 2nd, 2018

Here is the latest Langley condo market update for February, 2018

Average Sales Price:  
$380,000 which is 30.8% greater year-over-year and 5.26% higher month-over-month

Number of Sales:
72 which is very similar to the 70 units sold in February 2017 and 15 units more than January

Active Listings:
75 which is 16% fewer year-over-year and 10% greater month-over-month

Days on Market:
8 which is largely unchanged year-over-year and month-over-month

Months Supply:
0.96 which is slightly higher year-over-year and month-over-month.

Langley condo prices continue to rise and inventory is low.  It takes approximately one week on average to sell a condo in Langley.  We are still very much a seller’s market.

We need more Langley Condo listings!
  In this seller's market, there may be a great opportunity to sell for top dollar.  If you know of anyone that is considering selling a Langley condo, please give me a call with his or her name and phone number and I will be happy to provide a complimentary market evaluation.

Robert McLean

Oh, by the way...I’m never too busy for your referrals!