langley
TOWNHOME - NOVEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
26 % DOWN
SELLER’S 52 %
1.3 % UP
1.3 % DOWN
32 % UP
At 181, the number of townhome listings in Langley was 26% lower both month-over-month and year-over-year. Townhome sales, at 94, were up by 7% vs October and 32% above last November. The sales-to-listings ratio jumped to 52% in November, as Langley’s townhome segment remained in seller’s market territory. The benchmark price in November was $490,400, 1.3% above last month but 1.3% below last year. The average sold price was $585,953, while the average PSF sales price was $388 (up 2% and 4%, respectively, from last month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 245
% Change
No. 243
% Change
TOTAL LISTINGS
181
-26%
-26% 32% 78% -1.3% 1.3%
TOTAL SALES
94
88
7%
71
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
52%
36%
45%
29%
$490,400 $484,100 $585,953 $572,341
1.3% $496,800 2% $578,365
$388
$374
4%
$378
3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$496,800 $485,000 $487,800 $497,900 $494,200 $486,300 $490,400
304
295
267
243
217
181
186
94
95
87
85
71
58
60
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
10
4+ bdrms
BUYER'S MARKET
32
68
3 bdrms
89
16
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
60
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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