langley
TOWNHOME - SEPTEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
13 % DOWN
118 % UP
SELLER’S 36 %
4 % DOWN
6 % DOWN
At 243, the number of townhome listings in Langley was 12% below August and 13% lower vs September 2018. Townhome sales, at 87, were up by 10% vs August and 118% above last September. The sales-to-listings ratio increased to 36% in September, as Langley’s townhome segment remained in seller’s market territory. The benchmark price in September was $486,300, 0.5% below last month and 4% below last year. The average sold price was $559,140, while the average PSF sales price was $364 (down 0.7% and 3%, respectively, from last month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 275
% Change
No. 278
% Change
TOTAL LISTINGS
243
-12% 10% 25%
-13% 118% 149%
TOTAL SALES
87
79
40
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
36%
29%
14%
$486,300 $488,600 $559,140 $563,270
-0.5% $509,100 -0.7% $585,303
-4% -4% -6%
$364
$377
-3%
$387
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$509,100 $496,800 $485,000 $487,800 $497,900 $494,200 $486,300
293
303
278
243
243
216
186
95
87
85
71
60
58
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
13
4+ bdrms
BUYER'S MARKET
41
42
3 bdrms
130
32
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
73
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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