langley CONDO-SEPTEMBER 2021
SALESTO LISTINGSRATIO 60% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 19% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2020
▲ 24% VS2020
▼ 51% VS2020
▲ 19% VS2020
Therewere203condolistingsinLangleyinSeptember, 0.5%aboveAugustand51%lowerthanSeptember2020. Septembercondosalesdecreasedby24% month-over-month,to121,andwere19%above September2020. Thesales-to-listingratioforcondosinLangley,at60%, reflectedaselers'market. ThecondomedianpriceinSeptemberwas$510,000,a 2%increasefromAugustand24%aboveSeptember 2020. Theaveragesoldpricewas$525,214,1.1%abovelast month;theaveragePSFsalepricewas$573,up2%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 24% 102 417
%Change
No. 79% 160 202
%Change
TOTALLISTINGS TOTALSALES
60% 121 203
19% 24% 24% 144% 19% -51%
2% 1.1% 2% -25% -24% 0.5%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$573 $525,214 $510,000
$561 $519,470 $500,000
$480 $421,966 $410,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2020 ● SEP 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
396
417
352
334 344
325
301 302
287
300
271
202
196
203
172
170
123
160
147
121
145
102
127
13
101
97
$510K
$500K
$479K
$472K
$470K
$471K
$463K
$455K
$429K
$420K
$410K
$406K
$398K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
1
4+bdrms
87%
80
16
60
3bdrms
48
50%
39%
40
28%
76
2bdrms
20
105
0
28
<$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
28 11 39%
100 87 87%
69 19 28%
6 3 50%
0 1 n/a
50
Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 25 ●
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