langley CONDO-AUGUST 2021
SALESTO LISTINGSRATIO 79% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 19% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 20% VS2020
▲ 23% VS2020
▼ 52% VS2020
▲ 65% VS2020
Therewere202condolistingsinLangleyinAugust,30% belowJulyand52%lowerthanAugust2020.
Augustcondosalesincreasedby26%month-over-month, to160,andwere65%aboveAugust2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 44% 127 287
%Change
Thesales-to-listingratioforcondosinLangley,at79%, reflectedaselers'market.
TOTALLISTINGS TOTALSALES
79% 160 202
$472 $433,575 $404,900 23% 97 425
19% 20% 23% 247% 65% -52%
79% 26% -30%
ThecondomedianpriceinAugustwas$500,000,a6% increasefromJulyand23%aboveAugust2020. Theaveragesoldpricewas$519,638,7%abovelast month;theaveragePSFsalepricewas$562,up2%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$562 $519,638 $500,000
$550 $486,398 $471,000
2% 7% 6%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
425
396
417
352
334 344
325
302
301
287
300 196
271
202 160
172
170
123
147
145 127
97
13
102
101
97
$500K
$479K
$472K
$470K
$471K
$463K
$455K
$429K
$420K
$410K
$405K
$406K
$398K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
96% 93%
4+bdrms
1
80
28
60
59%
3bdrms
51
40
90
22%
2bdrms
20
111
0
42
<$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
26 25 96%
102 95 93%
64 38 59%
9 2 22%
1 0 n/a
39
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 25 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online