the rennie review - September 2020

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

SL 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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