langley
CONDO OCTOBER
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 31 %
3 % UP
34 % UP
44 % UP
The number of condo listings in Langley, at 393, decreased 5% month-over-month but rose 34% vs last year. October’s condo sales, at 121, were 17% above last month and 44% higher vs this time last year. The sales-to-listings ratio increased to 31% in October, as Langley’s condo segment remained a seller’s market. The condo benchmark price in October was $397,500, down 1.6% from September but 5% above October 2019. The average sold price was $427,700 (a 1.2% increase from September) with an average PSF sales price of $478 (0.6% below September).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 415 103 25%
% Change
No. 293
% Change
TOTAL LISTINGS
393 121 31%
-5% 17% 24%
34% 44%
TOTAL SALES
84
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
29%
7% 5% 3% 7%
$397,500 $404,100 $427,700 $422,529
-1.6% $377,700 1.2% $414,981 -0.6% $445
$478
$481
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$403,100 $398,700 $400,900 $397,500
$377,700 $383,500 $392,400
443
434
393
374
310
293
232
121
100
99
84
73
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
10
3+ bdrms
BUYER'S MARKET
51
76
2 bdrms
258
35
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
84
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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