condo
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 2 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
14 % UP
1.7 % DOWN
229 % UP
13 % DOWN
SELLER’S 25 %
The number of condo listings in Langley, at 253, increased 2% month-over-month and jumped 229% vs last year. February’s condo sales, at 63, were up by 8 from last month but down by 9 from last year. The sales-to-listings ratio increased to 25% in February, as Langley’s condo segment remained in seller’s market territory. The condo benchmark price in February was $415,200, a 1.6% increase from January but 2% decrease from February 2018. The average sold price was $445,962 (up 9% vs January) with an average PSF sales price of $462 (down 0.6% vs January).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 247
% Change
No.
% Change
TOTAL LISTINGS
253
2%
77 72
229% -13% -73%
TOTAL SALES
63
55
15% 12%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
25%
22%
94%
$415,200 $408,800 $445,962 $408,600
1.6% $424,300 9% $390,852 -0.6% $470
-2% 14%
$462
$465
-1.7%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$453,000 $448,500 $439,000 $423,000 $413,000 $415,200
$424,300
310
251
253
222
221
153
77 72
79
80
68
63
61
53
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
5
3+ bdrms
BUYER'S MARKET
22
41
2 bdrms
169
17
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
62
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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