Langley City Condo market - slowly catching up with hot market?

Fraser Valley real estate is HOT, HOT, HOT.

 

Interestingly, the Langley City condo market seems to have a life of it's own these days. 


August 2014 benchmark price was $227,700.  And then dropped off drastically in Feb 2015 to $191,200.   And is just starting to pick up again...

(click here for 5 years Benchmark Price stat's):


In my humble opinion I feel these drastic swings are because of the lack of new builds this year (to bolster the benchmark price) and the recent benchmark is now becoming more reflective of the older complexes in Langley City (many built in the 90's).

 

Any comments out there??

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