Langford BC Real Estate Market Update

By
Real Estate Sales Representative with eXp Realty, Victoria BC www.pfanntastic.com

Langford BC Real Estate Market Update

Langford BC is located on the southern end of Vancouver Island and is known as one of the Greater Victoria's Western Communities with a population of approximately 22,500 residents.

Langford BC, traces its history back to 1851 with the European settlement of the area. However, after having succumbed to a barrage of various crimes and mayhem, it experienced a "rebirth" when Langford was incorporated in 1992. With the incorporation, the city made a concerted effort to revitalize the area, undertaking civic improvements which have attracted new growth and business development. Among the improvements are the renovation of the business centre, construction of new roads, and creation of a special destination, the Bear Mountain Golf Resort.

Langford BC Real Estate Market Update

This month there were 34 Single Family Home Sales in Langford.
This compares to 15 Sales for the same month last year.
For a change of 55.9 % over the past year.

The 6 month Average sale price for a Single Family Home in Langford was: $ 510,967.
This compares to an average sale price of $488,210. during the same 6 month period last year.
For a change of 4.5 % increase over the past year.

This month the Median sale price for a Single Family Home in Langford was: $561,000.
This compares to a Median sale price of $ 417,000. during the same month last year.
For a change of 25.7 % increase over the past year.

This month there were 15 Condominium Home sales in Langford.
This compares to 2 Sales for the same month last year.
For a change of 87 % over the past year.

The 6 month Average sale price for Condominium Homes in Langford was: $ 304,612.
This compares to an average sale price of $260,881. during the same 6 month period last year.
For a change of 14.4 % increase over the past year.

This month the Median sale price for Condominium Homes in Langford was: $298,000.
This compares to a Median sale price of $274,900 during the same month last year.
For a change of 7.8 % increase over the past year.

This month there were 10 Town Home Sales in Langford.
This compares to 3 Sales for the same month last year.
For a change of 70 % increase over the past year.

The 6 month Average sale price for Town Homes in Langford was: $369,991.
This compares to an average sale price of $348,616 during the same 6 month month last year.
For a change of 5.8% increase over the past year.

This month the Median sale price for Town Homes in Langford was: $ 378,000.
This compares to a Median sale price of $360,000 during the same month last year.
For a change of 4.9 % increase over the past year.

Peter and Linda Pfann, are looking forward with providing you with current market updates when you want them and as accurate as possible to your specific requirements and needs.
If we have not posted the information about a lower Vancouver Island community that you wish information about, please Talk To Peter at www.talktopeter.com or (250) 213-9490, and it will be our pleasure to assist in any way possible with current and detailed market information.

Posted by

 

 

 

Peter Pfann,

CPCA, ABR, SRES, E-Pro, IMSD, Master ASA, C-CREC, Associate Broker.

Text or Talk To Peter @: (1) 250 - 213 - 9490  

peterpfann@gmail.com  www.pfanntastic.com

Pfanntastic Properties in Victoria, BC, Canada, @ Fair  Realty Since 1986.

Regional office: 1540 Fort St Victoria, BC V8S 5J2

 

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Rainmaker
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Edward & Celia Maddox
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Thanks for posting. We learn a lot from Active Rain blogs. Best Regards,

Feb 13, 2010 01:25 AM #1
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