langley DETACHED-AUGUST 2021
SALESTO LISTINGSRATIO 52% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 41% VS2020
▲ 28% VS2020
▼ 43% VS2020
▼ 13% VS2020
Therewere274detachedlistingsinLangleyinAugust, 13%belowJulyand43%lowerthanAugust2020. Augustdetachedhomesalesdecreasedby7% month-over-month,to143,andwere13%belowAugust 2020. Thesales-to-listingratiofordetachedinLangley,at52%, reflectedaselers'market.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 34% 164 484
%Change
No. 49% 153 314
%Change
TOTALLISTINGS TOTALSALES
52% 143 274
41% 28% 54% -13% -43%
13% 5% 7% -7% -13%
ThedetachedmedianpriceinAugustwas$1,389,900,a 5%increasefromJulyand28%aboveAugust2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,696,689,13%abovelast monthandup41%toAugust2020.
$1,495,025 $1,325,000
$1,696,689 $1,389,900
$1,199,694 $1,086,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
484
454
444 435
383
374
1.85
1.81
1.75
374
308
270
1.61
314
248
247
274
1.50
1.48
264
197
185
236
172
224
164
189
143
155
153
18
99
$1.41M
$1.39M
$1.39M
$1.35M
$1.34M $1.34M
$1.33M
$1.29M
$1.28M
$1.18M
$1.11M
$1.10M
$1.09M
Aug-20
Jul-21
Aug-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100%
100%
100%+ 100%+
100
80
63%
60
43%
40%
40
21%
20
8%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
14 3 21%
2 2 100%
6 6 100%
16 30 188%
23 44 191%
46 29 63%
25 10 40%
21 9 43%
121 10 8%
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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