Langley City Homes
Langley City Detached Home sales have faired well this past year and it has been a pretty steady market with home prices up 3.8% in January compared to the same time last year. There were 39 active listings and only 5 sales in January giving us a sales to active listing ratio of 12.8%. Still a Buyers market resulting in an average of 66 days on market to get a home sold.
Langley City Townhouses
Langley City Townhouse sales had a pretty good 1st quarter But it was almost all down hill from there and in the end values as of January this year were up just .4% from the same time last year. With 34 active listings and only 5 sales in January the Sales to Active listing ratio was 14.7%. Although this indicates it is still a Buyers market it is not too far from reaching a balanced market of 18%. The average days on market to achieve a sale was 61 days.
Langley City Apartments
Langley City Apartment sales had a very tough 4th quarter in 2014.
Our Home Price Index shows a price drop of 8.5% compared to this same time last year.
With 115 active listings and only 10 sales in January the sales to active listing ratio is just 8.7%.
This indicates a strong buyers market and is well below a balanced market which begins at 18%.
Homes that did sell took an average of 89 days on market.