langley
CONDO - FEBRUARY 2020
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
8 % DOWN
6 % DOWN
0.7 % DOWN
12 % UP
16 % UP
SELLER’S 25 %
The number of condo listings in Langley, at 296, increased 4% month-over-month and rose 12% vs last year. February’s condo sales, at 73, were up by 59% from last month and 16% above this time last year. The sales-to-listings ratio increased to 25% in February, as Langley’s condo segment transitioned to seller’s market territory. The condo benchmark price in February was $412,200, 1.6% above January but a 0.7% decrease from February 2019. The average sold price was $408,901 (relatively unchanged vs January) with an average PSF sales price of $436 (3% above January).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 285
% Change
No. 265
% Change
TOTAL LISTINGS
296
4%
12% 16%
TOTAL SALES
73
46
59% 53%
63
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
25%
16%
24%
4%
$412,200 $405,900 $408,901 $409,822
1.6% $415,200 -0.2% $445,962
-0.7%
-8% -6%
$436
$422
3%
$462
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$415,200 $419,800 $416,900 $410,400 $399,700 $407,300 $412,200
317
314
302
296
292
265
231
85
82
73
64
63
59
57
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
4
3+ bdrms
BUYER'S MARKET
16
50
2 bdrms
189
19
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
91
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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