langley
DETACHED APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
53 % DOWN
0.8 % UP
-
27 % DOWN
BUYER’S 11 %
Detached listings in Langley (at 474) were 1.9% belowMarch and 27% lower than in April 2019. Month-over-month detached sales declined 50% in April (to 50) but were 53% lower year-over-year. The sales-to-listings ratio decreased to 11%, as Langley’s detached market became favourable to buyers. April’s detached benchmark price of $1.04Mwas 1.3% above March and 5% higher vs April 2019. The average sold price was $1.06M, down 15% from March but 0.8% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 483 100 21%
% Change
No. 648 106 16%
% Change
TOTAL LISTINGS
474
-1.9% -50% -49%
-27% -53% -36%
TOTAL SALES
50
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
$1,039,800 $1,026,600 1.3% $985,900
5%
$1,056,883 $1,240,425 -15% $1,048,198 0.8%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.04
$1.00
$1.00
$0.99
$0.98
$0.98
$0.98
1.84
1.83
1.79
737
691
648
1.33
603
1.32
1.31
474
444
369
144
111
108
106
95
85
50
Apr-19
Mar-20
Apr-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 QD QD
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 May 5, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
23
Made with FlippingBook - professional solution for displaying marketing and sales documents online