langley
TOWNHOME - AUGUST 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % UP
41 % UP
SELLER’S 30 %
2 % DOWN
3 % DOWN
At 260, the number of townhome listings in Langley was 11% below July but 3% above August 2018. Townhome sales, at 79, were down by 17% vs July but 41% above last August. The sales-to-listings ratio decreased to 30% in August, as Langley’s townhome segment remained in seller’s market territory. The benchmark price in August was $488,600, 1.1% below last month and 6% below last year. The average sold price was $563,270, while the average PSF sales price was $377 (up 1.3% and 0.8%, respectively, from last month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 293
% Change
No. 253
% Change
TOTAL LISTINGS
260
-11% -17%
3%
TOTAL SALES
79
95
56
41% 37% -6% -2% -3%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
30%
32%
-6%
22%
$488,600 $494,200 $563,270 $556,302
-1.1% $517,900 1.3% $575,577
$377
$374
0.8%
$387
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$517,900 $510,600 $494,700 $486,100 $492,700 $498,600 $488,600
292
277
267
260
253
196
192
79
77
74
69
56
53
40
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
10
4+ bdrms
BUYER'S MARKET
39
41
3 bdrms
141
28
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD
80
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. 24
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