langley
CONDO - DECEMBER 2020
AVERAGE PRICE
AVERAGE PSF PRICE 9 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
40 %
0.2 % UP
9 % UP
80 % UP
The number of condo listings in Langley, at 254, decreased 30% month-over-month but rose 9% vs last year. December’s condo sales, at 101, were 20% below last month but 80% higher vs this time last year. The sales-to-listings ratio increased to 40% in December, as Langley’s condo segment remained a seller’s market. The condo benchmark price in December was $400,300, up 0.6% from November and 4% above December 2019. The average sold price was $413,477 (a 1.0% decrease from November) with an average PSF sales price of $480 (6% above November).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 364 127 35%
% Change
No. 232
% Change
TOTAL LISTINGS
254 101 40%
-30% -20% 14%
9%
TOTAL SALES
56
80% 65%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24%
$400,300 $398,000 $413,477 $417,645
0.6% $383,500 -1.0% $412,747
4%
0.2%
$480
$454
6%
$440
9%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$383,500 $392,400 $403,100 $398,700 $400,900 $397,500 $400,300
443
434
423
374
310
254
232
121
101
100
99
73
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
2
3+ bdrms
BUYER'S MARKET
46
73
2 bdrms
160
26
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
48
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 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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