langley DETACHED-SEPTEMBER 2021
SALESTO LISTINGSRATIO 38% SELLERS'MARKET
▶ MARKETSUMMARY Therewere292detachedlistingsinLangleyin September,6%aboveAugustand36%lowerthan September2020. Septemberdetachedhomesalesdecreasedby21% month-over-month,to112,andwere39%below September2020. Thesales-to-listingratiofordetachedinLangley,at38%, reflectedaselers'market. ThedetachedmedianpriceinSeptemberwas $1,410,050,a0.7%increasefromAugustand28%above September2020. Theaveragesoldpricewas$1,621,636,5%belowlast monthandup30%toSeptember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 30% VS2020
▲ 28% VS2020
▼ 36% VS2020
▼ 39% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 41% 185 454
%Change
No. 52% 142 275
%Change
TOTALLISTINGS TOTALSALES
38% 112 292
30% 28% -6% -39% -36%
-5% 0.7% -26% -21% 6%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,699,412 $1,399,950
$1,621,636 $1,410,050
$1,248,798 $1,098,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
435
454
444
383
1.87
1.87
1.83
374
374
308
270
292
314
248
247
275
1.51
1.50
264
197
1.43
236
172
224
185
142
189
155
152
12
18
99
$1.41M
$1.41M
$1.39M
$1.40M
$1.35M
$1.34M $1.34M
$1.33M
$1.29M
$1.28M
$1.18M
$1.11M
$1.10M
Sep-20
Aug-21
Sep-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100%+
100%+
100
89%
79%
80
60
43%
38%
40
24%
20
7%
5%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
17 4 24%
1 3 300%
7 3 43%
18 24 133%
27 24 89%
43 34 79%
32 12 38%
29 2 7%
118 6 5%
Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoard ofGreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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