langley TOWNHOME-AUGUST 2021
SALESTO LISTINGSRATIO 121% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 28% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2020
▲ 25% VS2020
▼ 54% VS2020
▲ 46% VS2020
Therewere115townhomelistingsinLangleyinAugust, 26%belowJulyand54%lowerthanAugust2020. Augusttownhomesalesincreasedby31% month-over-month,to139,andwere46%aboveAugust 2020. Thesales-to-listingratiofortownhomesinLangley,at 121%,reflectedaselers'market. ThetownhomemedianpriceinAugustwas$750,000,a 0.8%decreasefromJulyand25%aboveAugust2020. Theaveragesoldpricewas$765,787,0.4%abovelast month;theaveragePSFsalepricewas$499,up1.2%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 68% 106 155
%Change
TOTALLISTINGS TOTALSALES
139 115
$386 $599,139 $600,000 38% 95 252
29% 28% 25% 221% 46% -54%
-1.2% 0.4% -0.8% 77% 31% -26%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$499 $765,787 $750,000 121%
$505 $762,644 $756,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
252
252
206
187
184
183
21
155
155
184
178
167
132
128
139
19 144
148
127
125
120
15
95
106
96 101
$756K
$750K
$740K
$732K
$730K
$711K
$650K
$650K
$633K
$615K
$615K
$600K
$587K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
70
26
100%+ 100%+
4+bdrms
25
60
50
67%
82
3bdrms
40
52%
69
30
38%
31
20
2bdrms
21
10
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
23 12 52%
46 74 161%
35 48 137%
8 3 38%
3 2 67%
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 24 ●
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