Stats for Oct 2008 - Langley Only -residential detached

                                       

Average Price                  Oct 08         $500,840       

                                              Sept 08       $511,95

                                              Change :     -2.2%

                                              Oct 07          $532,094

                                              Change :     -5.9%

Housing Price Index    Oct 08         197.6

                                              ch. 1mo.     -3.0%

                                              ch. 1yr.        -5.9%

                                              ch. 5yr.       61.1%

Unit Sales                         Oct 08         70

                                              Sept 08       74

                                              Oct 07         122 

Average Price: the dollar volume of all sales in a category, divided by the number of sales.

Median Price: the sale price at the mid-point of all sales in that category.

Housing Price Index: the index is an indicator of price trends for a 'typical' house in the Fraser Valley as compared to a baseline index of 100 set in 2001. 'Typical' has been defined by the residential property features that occur most frequently in the MLS sales for that area. 

Stats from the FVRB . If you wish more statistics email me at kwhunter@royallepage.ca