langley
DETACHED JUNE
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
2 % DOWN
-
34 % DOWN
76 % UP
SELLER’S 34 %
Detached listings in Langley (at 488) declined 5% fromMay and were 34% lower than in June 2019. Month-over-month detached sales increased 96% in June (to 167) and were 76% higher year-over-year. The sales-to-listings ratio increased to 34%, as Langley’s detached market transitioned to a seller’s market. June’s detached benchmark price of $1.04Mwas 1.6% above May and 6% higher vs June 2019. The average sold price was $1.19M, a 6% increase fromMay but 2% lower year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 514
% Change
No. 737
% Change
TOTAL LISTINGS
488 167 34%
-5% 96%
-34% 76% 165%
TOTAL SALES
85
95
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17%
107%
13%
$1,044,200 $1,027,400 1.6% $982,300
6%
$1,189,060 $1,124,848
6% $1,215,386
-2%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.04
$1.04
$1.00
$1.00
$0.98
$0.98
$0.98
1.82
1.80
1.76
737
692
1.44
1.42
1.41
603
501
488
445
370
167
144
111
108
95
85
50
Jun-19
May-20
Jun-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD
S-L RATIO SALES INVENTORY
Copyright © 2020 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 July 3, 2020. All data from Real Estate Board of 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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