langley
DETACHED - SEPTEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
8 % UP
8 % DOWN
-
28 % UP
BALANCED 18 %
Detached listings in Langley (at 636) were 5% below August and 8% lower than in September 2018. Month-over-month detached sales were up by 6% in September (to 115) and 28% higher year-over-year. The sales-to-listings ratio increased to 18%, as Langley’s detached market remained in balanced market territory. September’s detached benchmark price of $982,300 was virtually unchanged from August and 4% lower vs September 2018. The average sold price was $1.16M, up 12% from August and 8% higher year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 672 109 16%
% Change
No. 695
% Change
TOTAL LISTINGS
636 115 18%
-5%
-8% 28% 40% -4%
TOTAL SALES
6%
90
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
13%
$982,300 $981,500 $1,161,988 $1,034,614
0.1% $1,027,000 12% $1,073,140
8%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.03
$1.01
$0.99
$0.99
$0.98
$0.98
$0.98
2.45
2.39
2.38
716
707
695
677
636
585
519
2.02
2.02
2.01
120
115
114
92
90
84
61
Sep-18
Aug-19
Sep-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
Copyright © 2019 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 October 3, 2019. All data from RealEstateBoardof 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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