langley CONDO -JUNE 202
SALES TO LISTINGSRATIO 31% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 26% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 17% VS 2021
▲ 20% VS 2021
▼ 11% VS 2021
▼ 37% VS 2021
Therewere290 condolistingsin Langleyin June,19% aboveM ayand 11% lowerthan June2021.
Junecondo salesdecreased by17% m onth-over-m onth, to91,and were37% below June2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 45% 145 325
% Change
No. 45% 110 244
% Change
Thesales-to-listing ratio forcondosin Langley,at31% , reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$689 $580,162 $565,000 31% 91 290
26% 17% 20% -30% -37% -11%
-30% -17% 19%
Thecondom edian pricein Junewas$565,000,a3% decreasefrom M ayand 20% aboveJune2021. Theaveragesold pricewas$580,162,2% below last m onth;theaveragePSF salepricewas$689,up 3% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$669 $592,871 $583,250
3% -2% -3%
$547 $495,152 $470,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 2021 ● JUN 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
325
290
287
244
203
189
169
209
202
162
190
137
145
160
120
10
96
127
121 128
120
18
91
109
91
57
$606K $610K $615K
$589K $555K
$581K $583K $565K
$510K $540K
$470K $471K $500K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
140
4+ bdrms
120
100
5
80
3 bdrms
35
50%
60
41%
31%
57
40
21%
2 bdrms
170
20
0
29
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
4 2 50%
141 58 41%
122 26 21%
16 5 31%
5 0 n/a
2 0 n/a
85
Copyright© July5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJuly5,202 .Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 25 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online