langley
CONDO - SEPTEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.8 % UP
21 % UP
6 % DOWN
1.1 % DOWN
SELLER’S 26 %
The number of condo listings in Langley, at 290, decreased 2% month-over-month but increased 1.8% vs last year. September’s condo sales, at 74, were up by 14% from last month and 21% above this time last year. The sales-to-listings ratio jumped to 26% in September, as Langley’s condo segment remained in seller’s market territory. The condo benchmark price in September was $400,200, 2% below August and a 7% decrease from September 2018. The average sold price was $387,398 (down 1.9% vs August) with an average PSF sales price of $438 (0.9% below August).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 297
% Change
No. 285
% Change
TOTAL LISTINGS
290
-2% 14% 17%
1.8% 21% 19%
TOTAL SALES
74
65
61
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
26%
22%
21%
$400,200 $410,400 $387,398 $395,014
-2% $431,900 -1.9% $410,090 -0.9% $443
-7% -6%
$438
$442
-1.1%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$431,900 $415,500 $408,800 $416,900 $418,100 $410,200 $400,200
331
327
299
285
290
285
247
85
81
74
69
61
56
55
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
2
BALANCED
3+ bdrms
BUYER'S MARKET
14
49
2 bdrms
208
23
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
68
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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