langley
TOWNHOME AUGUST
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
12 % DOWN
SELLER’S 38 %
6 % UP
22 % UP
At 251, the number of townhome listings in Langley were 12% higher month-over-month but 12% below August of last year. Townhome sales, at 96, were down 27% month- over-month but 22% higher year-over-year. The sales-to-listings ratio fell to 38% in August, as Langley’s townhome segment remained in seller’s market territory. The benchmark price in August was $576,200, 0.1% below last month but 4% higher vs last year. The average sold price was $598,939, while the average PSF sales price was $388 (down 0.5% and up 0.5%, respectively, from last month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 225 132 59%
% Change
No. 284
% Change
TOTAL LISTINGS
251
12% -27% -35%
-12% 22% 37%
TOTAL SALES
96
79
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
38%
28%
$576,200 $576,900 $598,939 $602,050
-0.1% $556,000 -0.5% $563,270
4% 6% 3%
$388
$386
0.5%
$377
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$556,000 $552,100 $554,100 $559,200 $566,500 $574,400 $576,200
284
251
241
249
161
144
121
96
95
88
85
79
72
45
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
20
BUYER'S MARKET
4+ bdrms
42
51
3 bdrms
153
25
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD
56
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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