Fraser Valley real-estate market continues to grow

    1 of 1 2 of 1

      Over the years, Langley realtor Jorda Maisey has seen more Vancouver-area people coming there to purchase a home.

      The reason is simple: homes in Langley are less expensive.

      “It’s nothing crazy like in Vancouver,” Maisey told the Straight by phone. Maisey is also the president of the Fraser Valley Real Estate Board, which covers North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.

      In May, according to figures released by the board, the benchmark price of a typical detached home in the region was $603,100.

      That’s about half of the $1.1-million price tag of a typical single-family home last month in the area covered by the Real Estate Board of Greater Vancouver.

      Also in the Fraser Valley, the benchmark price for a townhome in May was slightly more than $300,000. A typical condo was $192,500.

      “The majority of our product is under a million,” Maisey related. “A million-dollar product here is a super executive home.” She cited one Langley property that has an accepted offer; it’s going to sell for $830,000. It’s a 4,000-square-foot home on an almost one-third-hectare lot. “It’s gorgeous,” she said.

      With the new Port Mann Bridge, commuting to Vancouver is easier, according to the Langley realtor. She was about to head to Vancouver and expected to be there in 45 minutes. Maisey added that there are also public-transit options.

      Comments