langley
DETACHED JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 17 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
56 % UP
-
35 % DOWN
55 % UP
SELLER’S 39 %
Detached listings in Langley (at 256) were 10% above December but 35% lower than in January 2020. Month-over-month detached sales decreased 16% in January (to 101) but were 55% higher year-over-year. The sales-to-listings ratio decreased to 39%, as Langley’s detached market remained in seller’s market territory. January’s detached benchmark price of $1.16M was 2% above December and 17% higher vs January 2020. The average sold price was $1.79M, a 21% increase from December and 56% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 233 120 52%
% Change
No. 395
% Change
TOTAL LISTINGS
256 101 39%
10% -16% -23%
-35% 55% 140%
TOTAL SALES
65
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16%
$1,163,100 $1,136,800 $1,788,417 $1,476,710
2% $995,500 21% $1,144,821
17% 56%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.16
$1.12
$1.08
$1.06
$1.03
$1.03
1.96
$1.00
1.94
1.79
1.47
1.46
1.44
520
494
498
472
395
335
256
184
179
175
100
85
65
101
Jan-20
Dec-20
Jan-21
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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