langley
DETACHED - DECEMBER 2020
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 14 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
40 % DOWN
31 % UP
-
41 % UP
SELLER’S 54 %
Detached listings in Langley (at 222) were 33% below November and 40% lower than in December 2019. Month-over-month detached sales decreased 31% in December (to 120) but were 41% higher year-over-year. The sales-to-listings ratio increased to 54%, as Langley’s detached market remained in seller’s market territory. December’s detached benchmark price of $1.14M was 1.9% above November and 14% higher vs December 2019. The average sold price was $1.48M, a 1.9% decrease from November but 31% higher year-over-year.
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 332 175 53%
% Change
No. 370
% Change
TOTAL LISTINGS
222 120 54%
-33% -31%
-40% 41% 135%
TOTAL SALES
85
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
3%
23%
$1,136,800 $1,115,200 1.9% $996,700 $1,476,710 $1,505,456 -1.9% $1,124,268
14% 31%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
(MILLIONS)
$1.14
$1.09
$1.07
$1.04
$1.04
1.94
$1.00
1.93
$1.00
1.80
1.47
1.46
1.44
504
512
501
445
407
370
222
198
164
164
111
85
50
120
Dec-19
Nov-20
Dec-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S-L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
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 January 6, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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