ROSEMARY PAPP 
RE/MAX TREELAND REALTY 
 7788348021
ROSEMARY@HOMESINLANGLEY.CA



The real estate market in the Fraser Valley is picking up here in Langley and in surrounding area's according to the Fraser Valley Real Estate Board Report for April 2019.


“Detached homes under one million dollars and attached homes – ranging from $400,000 to $700,000 – continue to attract buyers in the Fraser Valley.


Townhome sales in Abbotsford increased by almost 60 per cent compared to March and were on par with last year’s April sales.”


There were 7,870 active listings available in the Fraser Valley at the end of April, an increase of 12.3 per cent compared to March 2019’s inventory and an increase of 38.9 per cent year-over-year.


The Board received 3,391 new listings during the month, an 18.1 per cent increase compared to March 2019’s intake of 2,872 new listings and a decrease of 1.1 per cent compared to April of last year.


"A slower, stable market has had a positive impact on affordability in our region. Prices of typical residential homes in the Fraser Valley have decreased between 5 and 6 per cent in the last year. In the last three months, benchmark prices have either plateaued or have experienced a small recovery,” added Germyn.


For the Fraser Valley region, the average number of days to sell an apartment in April was 37, and 31 for townhomes. Single family detached homes remained on the market for an average of 37 days before selling.


HPI® Benchmark Price Activity


  • Single Family Detached: At $964,600, the Benchmark price for a single family detached home in the Fraser Valley increased 0.2 per cent compared to March 2019 and decreased 4.8 per cent compared to April 2018
     
  • Townhomes: At $521,800 the Benchmark price for a townhome in the Fraser Valley in the Fraser Valley increased 0.9 per cent compared to March 2019 and decreased 5.1 per cent compared to April 2018
     
  • Apartments: At $420,700, the Benchmark price for apartments/condos in the Fraser Valley increased 0.6 per cent compared to March 2019 and decreased 6 per cent compared to April 2018 "


>>See the Full FVREB APRIL 2019 REPORT here


If you do not already have a Realtor® and are seeking an experienced real estate agent to go to work for you, give me a call today!
778.834.8021

CONTACT ME


Phone:
778-834-8021
 
Toll Free:
1-888-707-3577
 
Email:
rosemary@homesinlangley.ca

RE/MAX Treeland Realty
#101 - 6337 198 Street
Langley BC V2Y 2E3

www.HomesinLangley.ca


The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.