Langley.AI
Home  ›  Journal  ›  24 September 2026
The Journal · 24 September 2026

Is Brookswood really two different real estate markets?

The short answerYes, on the same streets. 85 Brookswood houses built before 1990 sold at a median $1,304,000 in the year; 30 built in 2012 or later sold at $2,209,000. The $905,000 gap is the rebuild premium, and the neighbourhood plans decide which side of it a given lot is on.
Analysis by Hamish Ross · 24 September 2026 · Data: September 2026 edition (August 2026 data)
The Evidence
MeasureAugust 2026, as read on 5 September
Built before 199085 sold, median $1,304,000
Built 2012 or later30 sold, median $2,209,000
Brookswood detached$1,400,600 benchmark (−6.7%), 129 sold, 80 for sale, 7.4 months of supply
Last three months25 houses sold against 43 a year earlier, the sharpest slowdown in Langley

What is happening

A 1970s house on a big Brookswood lot is priced by what can be built on it, not by what stands on it, and the three Brookswood-Fernridge neighbourhood plans (revised for the province’s small-scale multi-unit rules, eight school sites, 27% of the community set aside as environmental protection) are the document that decides. Until they build out, the old side of the gap is land and the new side is a home, and the two do not compete with each other.

What it means

Buying an older Brookswood house means buying a lot; check the plan designation, the tree bylaw and the servicing before you assume anything about what it can become. Selling one means pricing it to two different buyers at once, and the one who pays more is the one who has read the plan.

What we are watching nextWhether the 80-house shelf clears into autumn or Brookswood’s 7.4 months grows. It is the deepest supply of the main neighbourhoods.

Fraser Valley Real Estate Board MLS® August 2026 package, released 2 September 2026; sub-area and twelve-month figures from the board’s InfoSparks database, read 5 September 2026. Benchmarks are the board’s index price, never an average. Analysis: Hamish Ross.

Go deeper
Ask about Brookswood Ask a specialist about this
Get The Langley Market Report

Each month, The Langley Market Report by email, with every new report we published that month and the next Fifteen. One email a month, and you can stop it any time.

Nothing else is sent, and never to anybody else.