langley
CONDO JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.3 % UP
9 % DOWN
0.7 % DOWN
13 % UP
16 % DOWN
BALANCED 16 %
The number of condo listings in Langley, at 280, increased 23% month-over-month and rose 13% vs last year. January’s condo sales, at 46, were down by 19% from last month and 16% below this time last year. The sales-to-listings ratio decreased to 16% in January, as Langley’s condo segment transitioned to balanced market territory. The condo benchmark price in January was $405,900, relatively unchanged from December and a 0.7% decrease from January 2019. The average sold price was $409,822 (down 1.9% vs December) with an average PSF sales price of $422 (5% below December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 228
% Change
No. 247
% Change
TOTAL LISTINGS
280
23% -19% -34%
13% -16% -26% -0.7% 0.3%
TOTAL SALES
46
57
55
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16%
25%
22%
$405,900 $407,300 $409,822 $417,961
-0.3% $408,800 -1.9% $408,600
$422
$443
-5%
$465
-9%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$408,800 $416,900 $418,100 $410,200 $400,200 $399,200 $405,900
330
327
304
290
285
280
247
85
81
74
65
56
55
46
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
2
3+ bdrms
BUYER'S MARKET
16
35
2 bdrms
181
9
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
83
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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