Rosemary Papp

With over 36 Years Local Experience to Serve You

778-834-8021

I have listed a new property at 70 2315 198 ST in Langley.
Roomy and awesome floor plan creates a nice flow though this spacious 2 BR 2 bath home with features that include entertainment size living and dining room, open kitchen with ample cupboards, separate pantry cupboard, adjoining laundry room. Large master offers oversize walk in closet, 2 pce. ensuite, 2nd BR ideal for guests. The exterior features a covered deck perfect for year round use, attached storage with power and separate storage outbuilding and level yard space. This popular community is for those 45+ (no resident under 17) and 1 small pet. Call soon or this good buy will soon be good bye!
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I have sold a property at 72 2315 198 ST in Langley.
The price is right, no need to guess! Act quickly on this well maintained 2 BR home situated in park like setting on cul de sac in Deer Creek Estates! Features include cozy, bright living room with gas fireplace, updated kitchen with adjoining eating area, full size laundry, covered parking and deck, separate storage with power. Amenities include clubhouse & social activities. This community lifestyle is for those 45+ and 1 small pet, shopping, pub and transit near, call soon or this good buy will soon be good bye!
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Source: RE/MAX Canada

Low inventory in Fraser Valley was the driving force behind price appreciation in the region in 2017 as demand continued to outpace supply. There are currently two months of inventory on the market and this is expected to remain consistent in 2018, as there is limited new inventory expected to enter the market. This is partially due to Agriculture Land Reserves, focused on farmland and fisheries, which limit residential real estate development opportunities in the surrounding region. The luxury segment of the market remains stable, with the typical upper-end property selling for between $2 million and $4 million.

Read the full Fraser Valley Report here

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I have listed a new property at 72 2315 198 ST in Langley.
The price is right, no need to guess! Act quickly on this well maintained 2 BR home situated in park like setting on cul de sac in Deer Creek Estates! Features include cozy, bright living room with gas fireplace, updated kitchen with adjoining eating area, full size laundry, covered parking and deck, separate storage with power. Amenities include clubhouse & social activities. This community lifestyle is for those 45+ and 1 small pet, shopping, pub and transit near, call soon or this good buy will soon be good bye!
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Source: Fraser Valley Real Estate Board

SURREY, BC – The Fraser Valley housing market had its second highest selling year on record in 2017, with total MLS® transactions and dollar volume sold behind only 2016’s unprecedented level of activity.

The Board’s Multiple Listing Service® (MLS®) processed 22,338 sales in 2017, 7.3 per cent less than the record of 23,974 sales set in 2016. The total dollar volume of MLS® sales was $15.7 billion, coming out slightly beneath 2016’s record setting total dollar volume of $16.2 billion.

Of the total transactions for the year, 5,198 were townhouses sold and 6,183 were apartments, together representing over half of overall market activity for the region. This was also the highest total annual sales for apartments in the Board’s history.

“Much of the market’s momentum through 2017 came from the incredible shift in demand to attached-style homes, particularly in our larger communities,” remarked Gopal Sahota, President of the Board.

“While prices continued to see slight gains month-to-month, a lot of our attached inventory remained affordable and an excellent option for consumers of all types.”

For inventory, a total of 32,651 new listings were received by the Board’s MLS® system, the third highest in the Board’s history after 2016 (34,768) and 2008 (35,651).

Last month the Board processed 1,344 sales, the second-most transactions for a December on record in the Fraser Valley. December inventory finished at 3,818 active units, with a total of 1,277 new listings entering the market throughout the month.

Sahota adds, “All year, supply levels remained below where we’d like them to be, and that has put a tight grip on inventory and pressure on the pace of the market. This is still a challenging market for many consumers.

“However, if you have your finances in order, and the support of a local REALTOR® who fits your needs, you’ll be in the best position to make a move in 2018 and find success.”

HPI® Benchmark Price Activity

  • Single Family Detached: At $976,400, the Benchmark price for a single family detached home in the Valley increased 0.4 per cent compared to November 2017, and increased 14.2 per cent compared to December 2016.
  • Townhomes: At $513,100, the Benchmark price for a townhouse in the Valley increased 1.5 per cent compared to November 2017, and increased 23 per cent compared to December 2016.
  • Apartments: At $388,600, the Benchmark price for an apartment in the Valley increased 3.2 per cent compared to November 2017, and increased 40.5 per cent compared to December 2016.

Find the December Statistics Package here.

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Direct: 778-834-8021
Toll Free: 1-888-707-3577
Rosemary's Email: rosemary@homesinlangley.ca
RE/MAX Treeland Realty
#101 - 6337 198 Street
Langley BC V2Y 2E3
www.HomesinLangley.ca