langley
CONDO - AUGUST 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
14 % UP
7 % UP
7 % DOWN
4 % DOWN
SELLER’S 23 %
The number of condo listings in Langley, at 284, decreased 11% month-over-month but jumped 14% vs last year. August’s condo sales, at 65, were up by 16% from last month and 7% above this time last year. The sales-to-listings ratio jumped to 23% in August, as Langley’s condo segment remained in balanced market territory. The condo benchmark price in August was $410,400, virtually unchanged vs July and a 7% decrease from August 2018. The average sold price was $395,014 (down 14% vs July) with an average PSF sales price of $442 (4% below July).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 318
% Change
No. 250
% Change
TOTAL LISTINGS
284
-11% 16% 30%
14%
TOTAL SALES
65
56
61
7%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23%
18%
24%
-6% -7% -7% -4%
$410,400 $410,200 $395,014 $461,047
0.0% $439,000 -14% $423,238
$442
$461
-4%
$461
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$439,000 $423,000 $413,000 $415,200 $419,800 $416,900 $410,400
314
318
309
284
265
250
220
82
68
65
61
63
59
53
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
2
3+ bdrms
BUYER'S MARKET
14
52
2 bdrms
208
11
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
62
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. 25
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