langley
DETACHED - AUGUST 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
12 % DOWN
6 % DOWN
-
38 % UP
BALANCED 17 %
Detached listings in Langley (at 639) were 9% below July and 6% lower than in August 2018. Month-over-month detached sales were down by 9% in August (to 109) but 38% higher year-over-year. The sales-to-listings ratio was unchanged at 17%, as Langley’s detached market remained in balanced market territory. August’s detached benchmark price of $981,500 was virtually unchanged from July and 7% lower vs August 2018. The average sold price was $1.03M, down 6% from July and 12% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 703 120 17%
% Change
No. 678
% Change
TOTAL LISTINGS
639 109 17%
-9% -9%
-6% 38% 46% -7%
TOTAL SALES
79
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-0.1%
12%
$981,500 $983,100 $1,034,614 $1,101,365
-0.2% $1,050,500
-6% $1,178,685 -12%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.05
$1.02
2.40
2.39
2.39
$1.00
$0.99
$0.98
$0.98
$0.98
736
735
678
647
639
529
2.03
2.01
480
1.99
109
107
95
86
79
72
68
Aug-18
Jul-19
Aug-19
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
Current as of September 2, 2019. All data from the Real Estate Board of Greater Vancouver and Fraser Valley. The information set out herein (the “Information”) is intended for informational purposes only. RAR & RMS has not verified the information and does not represent, warrant or guarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipientmaydeemnecessary toverify the informationprior toplacinganyrelianceupon the information.The informationmaychangeandanypropertydescribed in the informationmaybewithdrawn from themarketatany timewithoutnoticeorobligation to therecipient fromRAR&RMS. 23
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