Langley’s housing market continues to boom, a trend that is definitely prevalent in the popular Walnut Grove community. Detached houses dominate the market in this residential neighbourhood with 369 single family homes being sold in the past year with a median time on the market of just seven days.
Townhouses follow with 250 sold in the past year at a median eight days on the market, while the offerings and interest in Walnut Grove’s condo market are considerably cooler – only 64 condo units have been sold in the past year and the median time on the market is three weeks.
Over the last year, all types of housing in this neighbourhood have increased substantially in value. On average, houses have gained a quarter of million dollars in value, townhouses over $100,000 and condos more than $65,000. While the median house price for the past year is $760,000, the median house selling price in May 2016 tells a different story – it was over $100,000 more than that amount, at a staggering $866,000.
To see all the currently listed homes in Walnut Grove, check out our Walnut Grove listings page.