langley
TOWNHOME JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE 5 % UP
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
34 % DOWN
19 % DOWN
SELLER’S 38 %
5 % UP
At 123, the number of townhome listings in Langley was 6% higher month-over-month but 34% lower year-over-year. Townhome sales, at 47, were down by 35% vs December and 19% below last January. The sales-to-listings ratio fell to 38% in January, as Langley’s townhome segment remained in seller’s market territory. The benchmark price in January was $495,500, 1.1% above last month and 2% higher vs last year. The average sold price was $577,062, while the average PSF sales price was $396 (up 0.7% and 1.3%, respectively, from last month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 116
% Change
No. 186
% Change
TOTAL LISTINGS
123
6%
-34% -19% 23%
TOTAL SALES
47
72
-35% -38%
58
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
38%
62%
31%
$495,500 $490,100 $577,062 $573,079
1.1% $485,000 0.7% $550,345
2% 5% 5%
$396
$391
1.3%
$378
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$485,000 $487,800 $497,900 $494,200 $486,300 $490,400 $495,500
304
295
267
217
193
186
123
95
94
87
85
60
58
47
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
4+ bdrms
BUYER'S MARKET
32
29
3 bdrms
56
13
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
35
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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