langley
DETACHED - FEBRUARY 2020
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.9 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
19 % DOWN
-
54 % UP
SELLER’S 26 %
Detached listings in Langley (at 426) were 11% above January but 19% lower than in February 2019. Month-over-month detached sales were up by 71% in February (to 111) and 54% higher year-over-year. The sales-to-listings ratio increased to 26%, as Langley’s detached market transitioned to seller’s market territory. February’s detached benchmark price of $1.00M was 0.7% above January and 1.9% higher vs February 2019. The average sold price was $1.16M, up 1.2% from January but 3% lower year-over-year.
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 385
% Change
No. 529
% Change
TOTAL LISTINGS
426 111 26%
11% 71% 54%
-19% 54% 91% 1.9%
TOTAL SALES
65
72
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17%
14%
$1,002,600 $995,500
0.7% $983,900
$1,158,896 $1,144,821 1.2% $1,194,668
-3%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.00
$1.00
$0.99
$0.98
$0.98
$0.98
$0.98
2.02
2.01
1.99
736
688
648
600
529
1.22
1.22
1.17
426
366
144
111
109
106
95
85
72
Feb-19
Jan-20
Feb-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
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 March 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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