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Langley, Cloverdale Housing Market Trends
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Langley, Cloverdale Real Estate Market Reports and Forecasts Previous Reports
Langley, Cloverdale Market Update (Detached) namely: Brookswood Langley, Langley City, Campbell Valley, Otter District, Salmon River and all the sub-areas of Langley Real Estate Market Update Report.
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May 1, 2013
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Current: Langley, Cloverdale is a Stable Market with high listing inventories, a 17 %SOLD rate and a 98% Sell/List Ratio. (This means that there is an average of a $11,250 discount on a sale from the original list price).
Most Active Range: Homes between $300,000 and $400,000 have High 37.5 %SOLD rate.
Least Active Range: Homes between $900,000-$1 million have a 0 %SOLD rate with no sales and 29 listings.
History: Langley, Cloverdale RMR Home Price Index* shows that prices increased $3,336 in 2012.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Langley, Cloverdale has an average Listing supply; 661 homes are for sale and with the low 17 %SOLD monthly rate gives us a ~6 months of inventory. At this sell through rate approximately 319 of these listings will not sell. Currently 24% of the active listings have reduced their price by $36,980 on average or $20,000 median. The next few weeks should see increased sales in the local real estate market. The Spring Fever and the Election Resolve should inspire a new buyers confidence. If you have longed to move to another community, or create income through rental property, now might be your best chance to do so.
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We thank Bill Coughlin for his support of these Langley Real Estate Market Updates which include sub-areas such as Langley City, Brookswood Langley, Salmon River, Otter District, Campbell Valley etc. Contact Bill as the Local Expert..... more details.
Download the full Langley.Cloverdale.Marketupdatereport.PDF
This Langley, Cloverdale Real Estate Market update includes the sub areas Langley City, Campbell Valley, Brookswood Langley, Salmon River, Otter District, etc.
Click Image to compare previous STR/ MTI graphs
Trying to do the math? Lessons: STR MTI
Langley Real Estate Market Analysis Reports
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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. |
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Vancouver and FV Market Reports and Forecasts
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