langley
DETACHED - NOVEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % UP
26 % DOWN
-
1.8 % DOWN
25 % UP
SELLER’S 23 %
Detached listings in Langley (at 504) were 15% below October and 26% lower than in November 2018. Month-over-month detached sales were down by 20% in November (to 115) but 25% higher year-over-year. The sales-to-listings ratio slightly decreased to 23%, as Langley’s detached market remained in seller’s market territory. November’s detached benchmark price of $990,300 was 0.7% above October but 1.8% lower vs November 2018. The average sold price was $1.16M, up 8% from October and 9% higher year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 590 144 24%
% Change
No. 677
% Change
TOTAL LISTINGS
504 115 23%
-15% -20%
-26% 25% 68%
TOTAL SALES
92
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-7%
14%
$990,300 $983,500 $1,164,997 $1,077,646
0.7% $1,008,600 -1.8%
8% $1,066,934
9%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.01
$0.99
$0.99
$0.99
$0.98
$0.98
$0.98
2.03
2.03
2.02
707
718
677
672
585
519
504
1.23
1.21
1.20
118
115
115
114
92
84
61
Nov-18
Oct-19
Nov-19
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 © 2019 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 December 4, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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