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Madison Villas MLS® Listings
201 5516 198 STREET 1 Bed, 2 Bath,688 Sqft. $369,900Homelife Benchmark Titus Realty
201 5516 198 STREET 1 Bed, 2 Bath,688 Sqft. $369,900Homelife Benchmark Titus Realty (Nearby Listing)
311 5488 198 STREET 2 Bed, 2 Bath,915 Sqft. $425,000Keller Williams Elite Realty (Nearby Listing)
MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
Madison Villas - 5516 198 St, Langley, BC V3A 0A6, BCS3201. Located on Street 1 and Street 2 in a convenient neighbourhood of Langley City. Madison Villas built in 2008, offers 69 homes that are well maintained and professionally managed by Remi: 604-530-9944. This is a prime location just minutes away from Willowbrook Centre, Vanilla Room, Red Robin Resturant, Olive Garden, Montana Cookhouse. Transit and major routes are close by and within walking distance. Features of Madison Villas include in-suite laundry and a recreation centre. Restrictions of Madison Villas includes, two pets.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 30,944 in 2020, a 22.1 percent increase from the 25,351 sales recorded in 2019, and a 25.7 percent increase from the 24,619 homes sold in 2018.
November 2020 Market Insights
REBGV 23% increase on Listing in MLS from last year. For November 2020 over 4068 newly listed. Continuing demand for Detached Home and Townhouse with the benchmark price of $1,044,000
October 2020 Market Insights
October 2020 showing a robust Sales-to-Active Listing Ratio with a high mark of 30% means that Market conditions prices typically stable based on the given the baseline of 12-20%. Based on this given data the continued demand for Townhomes, Detached Homes
September 2020 Market Insights
September had a fantastic sales of 56% over the same period last year. Listings were 32% over last year
Real Estate Related News Articles(Sun and Province)Search News
Covid-19 pandemic cause increase demand for housing
“In the absence of a marked uptick in inventory, the current relationship between demand and supply supports continued double-digit average home price growth this year,” the real estate board’s chief market analyst, Jason Mercer, commented in the report.
The province has already introduced and extended a rent freeze during the COVID-19 pandemic, and it says in a news release Monday that new legislative changes will keep it in place through Dec. 31.
The pros and cons of purchasing the upgraded condo building compare to the newly build one
“Capacity is also a problem—most managers struggle to keep up with their day-to-day activities, so targeting reductions doesn’t happen much because they’re trying to keep their heads above water.”
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