Housing sales in Langley Township have risen over the past four months

Housing sales in Langley Township have risen over the past four months

Langley housing sales rise

Township development indicators report shows increase in activity

House sales increased in Langley over the last four months, according to new statistics just released by the Township.

The “Township Development Indicators” report is released monthly, “with intent to provide a snapshot of the state of our local economy” according to the Township website.

The new numbers show 141 sales of single detached houses were reported in April, roughly three times the amount reported in January.

Townhouses followed the same trend with 63 sold in April, about double the figures recorded for January.

Apartment sales remained virtually flat with 34 units selling.

However, year-to-date housing sales for 2013 show Township housing sales are still down when compared to the same period in 2012, with 11.7 per cent fewer single family homes, 15.1 per cent fewer apartments and 23.5 per cent fewer townhouses selling.

Prices remained roughly the same, with the average single detached home going for $552,800, an increase of 1.5 per cent from a year ago, while an average townhouse sold for $291,700, an increase of 1.1 per cent and an average apartment sold for $207,000, a drop of 2.3 per cent.

So far this year, 166 new housing units of all types have begun construction in Langley, 4.6 per cent less than the same period last year.

New apartment construction is up 150 per cent, detached homes are up 13.2 per cent, while townhouses are down 62.7 per cent.