langley CONDO-JUNE 2021
SALESTO LISTINGSRATIO 46% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 17% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 20% VS2020
▲ 19% VS2020
▼ 26% VS2020
▲ 61% VS2020
Therewere318condolistingsinLangleyinJune,6% belowMayand26%lowerthanJune2020.
Junecondosalesdecreasedby15%month-over-month, to145,andwere61%aboveJune2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 50% 170 337
%Change
Thesales-to-listingratioforcondosinLangley,at46%, reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
46% 145 318
$467 $414,181 $395,000 21% 90 427
17% 20% 19% 116% 61% -26%
0.7% 2% -0.4% -10% -15% -6%
ThecondomedianpriceinJunewas$470,000,a0.4% decreasefromMayand19%aboveJune2020. Theaveragesoldpricewas$495,152,2.0%abovelast month;theaveragePSFsalepricewas$547,up0.7%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$547 $495,152 $470,000
$543 $485,446 $472,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 2020 ● JUN 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
427
396
427
425
417
352
337
327
301
301
318
196 296
271
172
170
123
145
11
147
90
13
102
101
97
97
$479K
$472K
$470K
$463K
$455K
$429K
$420K
$410K
$405K
$406K
$398K
$398K
$395K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
200
100%+
4+bdrms
150
68%
13
3bdrms
100
51%
62
50%
92
50
2bdrms
20%
173
0
40
<$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
44 30 68%
183 94 51%
82 16 20%
6 3 50%
1 2 200%
2 0 n/a
83
Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 25 ●
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