langley
DETACHED OCTOBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
17 % UP
-
36 % DOWN
38 % UP
SELLER’S 52 %
Detached listings in Langley (at 384) were 17% below September and 36% lower than in October 2019. Month-over-month detached sales increased 8% in October (to 198) and were 38% higher year-over-year. The sales-to-listings ratio increased to 52%, as Langley’s detached market remained in seller’s market territory. October’s detached benchmark price of $1.09M was 1.2% above September and 11% higher vs October 2019. The average sold price was $1.26M, a 0.6% increase from September and 17% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 463 184 40%
% Change
No. 604 144 24%
% Change
TOTAL LISTINGS
384 198 52%
-17%
-36% 38% 116%
TOTAL SALES
8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
30%
$1,090,800 $1,078,100 1.2% $983,500 $1,257,988 $1,249,878 0.6% $1,077,646
11% 17%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.09
$1.07
$1.04
$1.04
$1.00
$1.00
$0.98
1.89
1.87
1.78
1.46
1.45
1.43
604
511
501
503
445
384
370
198
164
164
144
111
85
50
Oct-19
Sep-20
Oct-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
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 November 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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