langley
DETACHED MAY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
25 % DOWN
1.0 % DOWN
-
29 % DOWN
BALANCED 17 %
Detached listings in Langley (at 502) were 2% above April but 29% lower than in May 2019. Month-over-month detached sales increased 70% in May (to 85) but were 25% lower year-over-year. The sales-to-listings ratio increased to 17%, as Langley’s detached market became balanced. May’s detached benchmark price of $1.03Mwas 1.2% below April but 4% higher vs May 2019. The average sold price was $1.12M, a 6% increase from April but 1.0% lower year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 491
% Change
No. 707 114 16%
% Change
TOTAL LISTINGS
502
2%
-29% -25%
TOTAL SALES
85
50
70% 66%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17%
10%
5% 4%
$1,027,400 $1,039,800 -1.2% $988,700
$1,124,848 $1,056,883
6% $1,135,985 -1.0%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.03
$1.03
$1.00
$0.99
$0.99
$0.98
$0.98
1.84
1.80
1.78
720
707
676
1.41
1.41
1.41
536
502
493
394
118
114
114
113
100
85
65
May-19
Apr-20
May-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 June 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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