langley
DETACHED AUGUST
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
19 % UP
-
29 % DOWN
52 % UP
SELLER’S 33 %
Detached listings in Langley (at 491) were 0.4% below July and 29% lower than in August 2019. Month-over-month detached sales decreased 8% in August (to 164) but were 52% higher year-over-year. The sales-to-listings ratio decreased to 33%, as Langley’s detached market remained in seller’s market territory. August’s detached benchmark price of $1.07M was 0.5% above July and 9% higher vs August 2019. The average sold price was $1.20M, a 1.4% decrease from July but 19% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 493 179 36%
% Change
No. 692 108 16%
% Change
TOTAL LISTINGS
491 164 33%
-0.4%
-29% 52% 114%
TOTAL SALES
-8% -8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,066,500 $1,061,700 0.5% $981,500 $1,200,670 $1,217,514 -1.4% $1,011,324
9%
19%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.07
$1.04
$1.04
$1.00
$1.00
$0.98
$0.98
1.85
1.84
1.77
692
1.45
1.45
1.44
604
503
491
501
445
370
164
164
144
111
108
85
50
Aug-19
Jul-20
Aug-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
S-L RATIO SALES INVENTORY
Copyright © 2020 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 September 3, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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