langley
DETACHED - MAY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
11 % UP
9 % DOWN
8 % DOWN
-
BALANCED 16 %
Detached listings in Langley (at 692) were 7% above April and 11% higher than in May 2018. Month-over-month detached sales were up by 7 in May (to 114) but down by 11 year-over-year. The sales-to-listings ratio slightly decreased to 16%, as Langley’s detached market remained in balanced market territory. May’s detached benchmark price of $988,700 was virtually unchanged from April and was 8% below May 2018. The average sold price was $1.14M, up 8% from April but 8% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 646 107 17%
% Change
No. 622 125 20%
% Change
TOTAL LISTINGS
692 114 16%
7% 7%
11% -9% -18%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-0.5%
$988,700 $985,900 $1,135,985 $1,048,215
0.3% $1,069,300 8% $1,231,160
-8% -8%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.07
$1.07
$1.03
$1.01
$0.99
$0.99
2.36
$0.98
2.36
2.35
698
692
680
679
622
587
2.02
522
2.00
1.99
125
114
96
92
90
85
61
May-18
Apr-19
May-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
S-L RATIO SALES INVENTORY
CurrentasofJune4,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverifiedthe informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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