langley TOWNHOME-JUNE 2021
SALESTO LISTINGSRATIO 75% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 30% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2020
▲ 28% VS2020
▼ 28% VS2020
▲ 33% VS2020
Therewere167townhomelistingsinLangleyinJune,9% belowMayand28%lowerthanJune2020. Junetownhomesalesdecreasedby15% month-over-month,to126,andwere33%aboveJune 2020. Thesales-to-listingratiofortownhomesinLangley,at 75%,reflectedaseler'smarket. ThetownhomemedianpriceinJunewas$739,950,a 1.4%increasefromMayand28%aboveJune2020. Theaveragesoldpricewas$752,345,2%abovelast month;theaveragePSFsalepricewas$494,up0.6%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 80% 148 184
%Change
TOTALLISTINGS TOTALSALES
75% 126 167
$380 $585,130 $575,000 40% 95 236
30% 29% 29% 87% 33% -29%
0.6% 2% 1.4% -6% -15% -9%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$494 $752,345 $739,950
$491 $734,453 $729,950
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 2020 ● JUN 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
252 252
236
206
221
187
184
183
21
155
184
167
178
134
128 132
19
148
144
126
127
120
101
95
95
96
$740K
$732K
$730K
$711K
$650K
$650K
$633K
$615K
$615K
$600K
$595K
$587K
$575K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
21
95%
4+bdrms
45
60
74
62%
57%
3bdrms
90
40
38%
31
25%
20
2bdrms
32
0
<$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
21 12 57%
81 77 95%
53 33 62%
8 3 38%
4 1 25%
Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 24 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online