langley
TOWNHOME MAY
AVERAGE PRICE
AVERAGE PSF PRICE 2 % UP
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
41 % DOWN
SELLER’S 30 %
39 % DOWN
6 % UP
At 175, the number of townhome listings in Langley were 11% higher month-over-month but 41% below May of last year. Townhome sales, at 52, were up 7 vs April but 33 below last May. The sales-to-listings ratio increased to 30% in May, as Langley’s townhome segment remained in seller’s market territory. The benchmark price in May was $569,500, 0.5% above last month and 2% higher vs last year. The average sold price was $617,527, while the average PSF sales price was $389 (up 2% and 1.3%, respectively, from last month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 158
% Change
No. 295
% Change
TOTAL LISTINGS
175
11% 16%
-41% -39%
TOTAL SALES
52
45
85
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
30%
28%
4%
29%
3% 2% 6% 2%
$569,500 $566,500 $617,527 $604,634
0.5% $556,400 2% $584,128
$389
$384
1.3%
$381
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$556,400 $557,800 $553,400 $551,600 $555,500 $561,500 $569,500
304
295
267
194
175
162
134
95
94
85
87
74
52
47
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
. . . . 0 0 0 0 QD QD QD QD SELLER'S MARKET BALANCED BUYER'S MARKET S-L RATIO SALES INVENTORY
11
4+ bdrms
32
28
3 bdrms
86
13
<3 bdrms
57
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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