langley
CONDO JUNE
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.7 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
8 % UP
68 % UP
SELLER’S 23 %
1.3 % DOWN
34 % UP
The number of condo listings in Langley, at 426, increased 10% month-over-month and rose 34% vs last year. June’s condo sales, at 99, were 98% above last month and 68% higher than the same month last year. The sales-to-listings ratio jumped to 23% in June, as Langley’s condo segment transitioned to a seller’s market. The condo benchmark price in June was $398,700, a 1% decline fromMay but 1.7% above June 2019. The average sold price was $411,368 (a 3% increase- fromMay) with an average PSF sales price of $477 (also 3% above May).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 387
% Change
No. 317
% Change
TOTAL LISTINGS
426
10% 98% 80%
34% 68% 25% 1.7% -1.3%
TOTAL SALES
99
50
59
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23%
13%
19%
$398,700 $402,600 $411,368 $398,200
-1.0% $392,000 3% $416,666
$477
$464
3%
$443
8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$392,000 $383,400 $377,700 $383,500 $392,400 $403,100 $398,700
426
376
317
309
302
293
232
99
84
73
64
59
56
32
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
7
3+ bdrms
BUYER'S MARKET
37
66
2 bdrms
277
26
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
112
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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