townhome
L A N G L E Y - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % DOWN
25 % DOWN
SELLER’S 29 %
8 % DOWN
86 % UP
At 182, the number of townhome listings in Langley were 2% higher in February than in January and 86% above February 2018. Townhome sales, at 53, were down by 5 vs January and 18 lower vs last February. The sales-to-listings ratio decreased to 29% in February, as Langley’s townhome segement remained in seller’s market territory. The benchmark price in February was $486,100, virtually unchanged from last month and 4% below last year. The average sold price was $570,929, while the average PSF sales price was $377 (up 4% and virtu- ally unchanged, respectively, from last month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 178
% Change
No.
% Change
TOTAL LISTINGS
182
2%
98 71
86% -25% -60%
TOTAL SALES
53
58
-9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
29%
33%
-11%
72%
$486,100 $485,000 $570,929 $550,345
0.2% $508,500 4% $616,367 -0.3% $412
-4% -7% -8%
$377
$378
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$508,500 $524,400 $527,900 $517,900 $510,600 $494,700 $486,100
279
256
232
195
182
150
98
75
71
74
69
56
53
40
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
8
4+ bdrms
BUYER'S MARKET
33
34
3 bdrms
99
11
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
50
S-L RATIO SALES INVENTORY
CurrentasofMarch5,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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