langley CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 79% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 31% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2020
▲ 36% VS2020
▼ 59% VS2020
▲ 13% VS2020
Therewere162condolistingsinLangleyinOctober, 20%belowSeptemberand59%lowerthanOctober2020.
Octobercondosalesincreasedby6%month-over-month, to128,andwere13%aboveOctober2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 29% 113 396
%Change
No. 60% 121 203
%Change
Thesales-to-listingratioforcondosinLangley,at79%, reflectedaselers'market.
TOTALLISTINGS TOTALSALES
79% 128 162
31% 29% 36% 177% 13% -59%
6% 6% 6% 33% 6% -20%
ThecondomedianpriceinOctoberwas$540,000,a6% increasefromSeptemberand36%aboveOctober2020. Theaveragesoldpricewas$556,632,6%abovelast month;theaveragePSFsalepricewas$609,up6%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$609 $556,632 $540,000
$573 $525,214 $510,000
$465 $430,279 $398,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
396
352
344
334
325
301 302
287
300
271
203
202
196
172
170
162 128
123
160
147
145
13
127
121
101
97
$540K
$510K
$500K
$479K
$472K
$470K
$471K
$463K
$455K
$429K
$420K
$406K
$398K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
4+bdrms
88% 85%
60
75%
26
3bdrms
33
40
33%
73
20
2bdrms
92
0
29
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
17 15 88%
79 67 85%
59 44 75%
6 2 33%
1 0 n/a
37
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 25 ●
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