Vancouver Real Estate Market Update Reports / Fort Langley-Walnut Grove Real Estate Market Update Forecast Report

   The Fort Langley-Walnut Grove Housing Market Trends

 


  Fort Langley-Walnut Grove Real Estate Market Reports and Forecasts   Previous Reports 

Langley Market Update  (Detached) namely: County Line Glen Valley, Fort Langley, Willoughby Heights, Walnut Grove and all the sub-areas of Langley Real Estate Market Update Report.

What are Fort Langley-Walnut Grove's
Best and Worst Investments?


Archive Peak to Date Price Changes

Jun 1, 2024

gas gauge

Current: North Langley is in a Seller Market with normal listing inventories, a 21 %SOLD rate and a 98% Sell/List Ratio.
                    (This means that there is an average of a $28,977 Discount on a sale from the original list price) 

Most Active Range: Homes betwen $1.35 mill.-$1.75 mill. have 28.6 %SOLD rate resulting in a Seller Market
Least Active Range: Homes above $2.2 mill. have 3.1 %SOLD rate.

History: The North Langley Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $74,340.
                The North Langley Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $83,364..
                 *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: North Langley has an average Listing supply; 229 homes are for sale and with the strong 21 %SOLD monthly rate gives us a ~5 months of inventory. 12% of the active listings have reduced their price by $34.878 on average and $38,2000 on median in the last month.

Greater Vancouver May 2024:

The cost of single-family homes in Greater Vancouver showed an average price increase of $9,848, which is just under the $11,953 increase seen in April. Some good news: the Canadian Prime Rate did drop .25% which is a moral booster for some but still.  housing market will only get stronger if mortgage rates go down enough to make homes more affordable and a 1/4 point drop will not do that. We forecast that the Metro Vancouver area is now a Buyer's Market and will be for months ahead.

60% of the condos and townhouses increased in price last month. The price of Condos last month was up $2,602 on average, while townhouses now cost $699 more on average. We believe that the condo and townhouse markets will peak now and hold steady for the next few months in Vancouver. 

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are doing well and which are not. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley May 2024:

The cost of single-family homes in Fraser Valley showed an average price increase of $1,063, which is down from the $4,367 increase seen in April. Some good news: the Canadian Prime Rate did drop .25% which is a moral booster for some but still.  housing market will only get stronger if mortgage rates go down enough to make homes more affordable and a 1/4 point drop will not do that. We forecast the Fraser Valley area will turn to a Buyer's Market this month. 

The price of Condos last month dropped by $3,920, while townhouses also declined by $2,562 on average. We believe that the condo and townhouse markets will remain a buyers market for the next few months. 

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are doing well and which are not. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

 

   Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

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   North Langley's Home Evaluator / Forecaster
Single Family Detached High End .. more than $1,500,000       

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              你的房屋价值 ,利润, 投资收益率知多少?


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Calculate Your Home Value & Compare Your ROI to 130 Local & World Markets. 
           

 
 
 
 
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We thank Bill Coughlin for his support of these Langley Real Estate Market Updates which include sub-areas such as County Line Glen Valley, Fort Langley, Willoughby Heights, Walnut Grove etc. Contact Bill as the Local Expert..... more details.

Langley Real Estate updates include the sub areas County Line Glen Valley, Fort Langley, Willoughby Heights, Walnut Grove etc.

Langley Real Estate updates include the sub areas County Line Glen Valley, Fort Langley, Willoughby Heights, Walnut Grove etc.

Langley Real Estate updates include the sub areas County Line Glen Valley, Fort Langley, Willoughby Heights, Walnut Grove etc.

Langley Real Estate updates include the sub areas County Line Glen Valley, Fort Langley, Willoughby Heights, Walnut Grove etc.

Download the full Langley.Marketupdatereport.PDF

County Line Glen Valley, Fort Langley, Willoughby Heights, Walnut Grove and all the sub areas of Langley detailed stats

County Line Glen Valley, Fort Langley, Willoughby Heights, Walnut Grove and all the sub areas of Langley detailed stats

County Line Glen Valley, Fort Langley, Willoughby Heights, Walnut Grove and all the sub areas of Langley detailed stats

County Line Glen Valley, Fort Langley, Willoughby Heights, Walnut Grove and all the sub areas of Langley detailed stats

This Langley Real Estate Market update includes the sub areas Langley City, Willoughby Heights, County Line Glen Valley, Fort Langley, Walnut Grove, etc.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report

 

 

 Langley                     Real Estate Market Analysis Reports

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

 

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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