langley
DETACHED JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
11 % UP
29 % DOWN
-
7 % UP
BALANCED 18 %
Detached listings in Langley (at 370) were 4% above December but 29% lower than in January 2019. Month-over-month detached sales were down by 24% in January (to 65) but 7% higher year-over-year. The sales-to-listings ratio decreased to 18%, as Langley’s detached market transitioned to balanced market territory. January’s detached benchmark price of $995,500 was relatively unchanged from December and 1.6% higher vs January 2019. The average sold price was $1.14M, up 1.8% from December and 11% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 356
% Change
No. 519
% Change
TOTAL LISTINGS
370
4%
-29%
TOTAL SALES
65
85
-24% -26%
61
7%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
18%
24%
12%
49% 1.6% 11%
$995,500 $996,700
-0.1% $980,300
$1,144,821 $1,124,268 1.8% $1,033,287
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
MILLIONS
$1.00
$0.99
$0.99
$0.99
$0.98
$0.98
$0.98
2.03
2.02
2.01
718
707
672
585
532
519
1.22
1.20
1.19
370
118
115
114
114
84
65
61
Jan-19
Dec-19
Jan-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
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 February 5, 2020. All data from RealEstateBoardof 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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