langley
CONDO APRI L
AVERAGE PRICE
AVERAGE PSF PRICE 6 % UP
BENCHMARK PRICE 1.4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
BUYER’S 9 %
61 % DOWN
9 % DOWN
11 % UP
The number of condo listings in Langley, at 350, increased 1.4% month-over-month and rose 11% vs last year. April’s condo sales, at 32, were 54% below last month and 61% lower vs this time last year. The sales-to-listings ratio declined to 9% in April, as Langley’s condo segment transitioned to buyer’s market territory. The condo benchmark price in April was $425,500, unchanged fromMarch and 1.4% above April 2019. The average sold price was $378,381 (a 1.8% decline fromMarch) with an average PSF sales price of $485 (5% above March).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 345
% Change
No. 314
% Change
TOTAL LISTINGS
350
1.4% -54% -55%
11% -61% -65% 1.4%
TOTAL SALES
32 9%
70
82
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
26%
$425,500 $425,500 $378,381 $385,130
0.0% $419,800 -1.8% $417,211
-9%
$485
$460
5%
$458
6%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$425,500
$419,800 $416,900 $410,400
$399,700 $407,300 $412,200
350
317
314
309
302
293
232
84
82
73
64
59
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
3+ bdrms
BUYER'S MARKET
27
17
2 bdrms
231
15
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD QD
92
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
25
Made with FlippingBook - professional solution for displaying marketing and sales documents online