Anshu Arora LLM, MSc, PMP

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Real estate prices still rising in Langley and Maple Ridge

The benchmark price for a detached home in Langley was $999,800 in September. Local detached homes rose 13.3 per cent in price from a year ago, and are 84.1 per cent more expensive than their benchmark price back in September 2007.

 

Townhouses in Langley are inching towards the half million dollar mark, with a benchmark price of $465, 200 last month. Townhouses in Langley are 9.3 per cent more expensive than they were a year ago, and up (on average) 58.5 per cent in price from September 2007.

 

Langley condos continue to climb up the price ladder, with a benchmark price of $368,500 in September, representing a 1.8 per cent increase from August. Apartments have risen 35 per cent in benchmark price in a year. The Fraser Valley Real Estate Board (FVREB) processed 1,619 sales of all property types on its Multiple Listing Service (MLS) in September, an increase of 24.1 per cent compared to the 1,305 sales in September of last year.

 

This was the fifth highest sales total for a September in the board’s history.

 

Market is Amazing and I can help you make the most of it!

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.