langley DETACHED-JUNE 2021
SALESTO LISTINGSRATIO 51% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 41% VS2020
▲ 32% VS2020
▼ 21% VS2020
▲ 16% VS2020
Therewere374detachedlistingsinLangleyinJune,14% belowMayand21%lowerthanJune2020. Junedetachedhomesalesdecreasedby24% month-over-month,to189,andwere16%aboveJune 2020. Thesales-to-listingratiofordetachedinLangley,at51%, reflectedaseler'smarket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 35% 163 471
%Change
No. 57% 248 435
%Change
TOTALLISTINGS TOTALSALES
51% 189 374
41% 32% 46% 16% -21%
-1.8% -5% -11% -24% -14%
ThedetachedmedianpriceinJunewas$1,350,000,a5% decreasefromMayand32%aboveJune2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,671,968,1.8%belowlast monthanddown41%toJune2020.
$1,703,247 $1,414,250
$1,671,968 $1,350,000
$1,183,620 $1,020,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
454
444
471
435
484
463
383
1.94
374
1.82
374
308
1.77
270
249
248
1.57
1.55
264
197
1.46
185
177
172
224 236
189
163
164
156
18
99
$1.41M
$1.39M
$1.34M $1.35M
$1.35M
$1.29M
$1.28M
$1.18M
$1.11M
$1.10M
$1.08M
$1.09M
$1.02M
Jun-20
May-21
Jun-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100%+
95%
89%
100
80
55%
52%
60
35%
33%
40
18%
20
11%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
11 2 18%
3 1 33%
13 19 146%
40 38 95%
64 57 89%
62 34 55%
31 11 35%
25 13 52%
125 14 11%
Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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