langley
CONDO AUGUST
AVERAGE PRICE
AVERAGE PSF PRICE 8 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 24 %
10 % UP
39 % UP
56 % UP
The number of condo listings in Langley, at 420, decreased 5% month-over-month but rose 39% vs last year. August’s condo sales, at 100, were 16% below last month but 56% higher vs this time last year. The sales-to-listings ratio decreased to 24% in August, as Langley’s condo segment remained a seller’s market. The condo benchmark price in August was $400,900, up 0.5% from July and 5% above August 2019. The average sold price was $433,529 (a 9% increase from July) with an average PSF sales price of $476 (5% above July).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 442 119 27%
% Change
No. 302
% Change
TOTAL LISTINGS
420 100 24%
-5%
39% 56% 12%
TOTAL SALES
-16% -12%
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SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
21%
$400,900 $399,100 $433,529 $396,762
0.5% $383,400 9% $394,311
5%
10%
$476
$455
5%
$441
8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$383,400 $377,700 $383,500 $392,400 $403,100 $398,700 $400,900
446
420
377
310
302
293
232
100
99
84
73
64
56
32
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
7
3+ bdrms
BUYER'S MARKET
42
68
2 bdrms
271
25
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
107
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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