Fraser Valley's housing market"steady as she goes"
Scott Olson, President of the Fraser Valley Real Estate Board explains, "Our market last month remained consistent. Our sales were down compared to May, however the number of new listings we received dropped as well, which seasonally is typical for June in the Fraser Valley. Although our inventory is trending at historically high levels, sales have remained steady so we are not seeing significant downward pressure on residential prices overall."
Langley City Market Trends
June 2012
Townhouses:
Number of sales as well as prices continue to trend downward.
3 reported sales in June compared to 9 sales in May.
Active listings 44.
Average days on market 60.
Apartments:
Number of sales trending downward but prices remain pretty steady despite the apparent overabundance of available units.
11 reported sales in June compared to 29 sales in May .
Active listings 211.
Average days on market 61.
Single Storey Detached:
Number of sales trending downward but prices holding steady
5 reported sales in June compared to 6 sales in May.
Active listings 22.
Average days on market 22.
2 Storey Detached:
Number of sales trending Downward but Prices holding steady:
11 reported sales in June compared to 14 in May.
Active listings 29.
Average days on market 24.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.