Langley City Market Trends March 2015

Langley City Apartments

Langley City Apartment prices rebounded slightly in March but prices are still down 10.4% compared to March of last year.  On the plus side 26 out of 140 active listings sold bringing the sales to active listing ratio up to 18.6%. This is a good sign as more interest in the condo market should help stabilize prices.  The average time on market to achieve a sale was 55 days.

 

 

 

Langley City Townhouses

Prices are on the rise and up 3.5% from March of last year. 13 out of 35 homes sold bringing the sales to active listing ratio up to 37.1%. This is the best sellers market we have seen for quite some time. The average time on market to achieve a sale was 53 days. Things are looking good for Langley City Townhouses.





Langley City Houses

House prices are continuing to rise at a moderate rate and are up just .9% from one year ago. Considering 30 out of 35 Active listings sold in March bringing the Sales to Active listing ratio to 85.7% We can expect to see a stronger rise in prices than we have seen in the past few months. The average time to get a home sold was just 15 days.



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