langley TOWNHOME-SEPTEMBER 2021
SALESTO LISTINGSRATIO 117% SELLERS'MARKET
▶ MARKETSUMMARY Therewere102townhomelistingsinLangleyin September,11%belowAugustand60%lowerthan September2020. Septembertownhomesalesdecreasedby14% month-over-month,to119,andwere7%below September2020. Thesales-to-listingratiofortownhomesinLangley,at 117%,reflectedaselers'market. ThetownhomemedianpriceinSeptemberwas $770,000,a3%increasefromAugustand31%above September2020. Theaveragesoldpricewas$784,950,3%abovelast month;theaveragePSFsalepricewas$511,up2%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 28% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 31% VS2020
▲ 31% VS2020
▼ 60% VS2020
▼ 7% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 51% 128 252
%Change
No. 139 115
%Change
TOTALLISTINGS TOTALSALES
119 102
28% 31% 31% 130% -7% -60%
-14% -11%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$511 $784,950 $770,000 117%
$499 $765,787 $750,000 121%
2% 3% 3% -3%
$399 $600,922 $586,500
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2020 ● SEP 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
252
206
187
184
183
21
155
155
184
178
139
167
132
19
19
148
128
144
127
125
120
102
106 15
101
96
$770K
$756K
$750K
$740K
$732K
$730K
$711K
$650K
$650K
$633K
$615K
$615K
$587K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
60
20
100%+ 100%+
4+bdrms
90% 91%
32
50
40
77
3bdrms
42
30
20
22
2bdrms
17%
28
10
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
1 0 n/a
11 13 118%
33 60 182%
39 35 90%
11 10 91%
6 1 17%
1 0 n/a
Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 24 ●
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