langley DETACHED-JULY 2021
SALESTO LISTINGSRATIO 49% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 22% VS2020
▲ 23% VS2020
▼ 32% VS2020
▼ 14% VS2020
Therewere314detachedlistingsinLangleyinJuly,16% belowJuneand32%lowerthanJuly2020. Julydetachedhomesalesdecreasedby19% month-over-month,to153,andwere14%belowJuly 2020. Thesales-to-listingratiofordetachedinLangley,at49%, reflectedaseler'smarket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 38% 177 463
%Change
No. 51% 189 374
%Change
TOTALLISTINGS TOTALSALES
49% 153 314
22% 23% 27% -14% -32%
-11% -1.9% -4% -19% -16%
ThedetachedmedianpriceinJulywas$1,325,000,a 1.9%decreasefromJuneand23%aboveJuly2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,495,025,11%belowlast monthanddown22%toJuly2020.
$1,671,968 $1,350,000
$1,495,025 $1,325,000
$1,229,481 $1,080,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
454
444
435
463
484
383
374
1.82
1.82
1.75
374
308
314
1.61
270
1.57
248
247
1.49
264
197
185
236
172
224
177
189
153
164
156
18
99
$1.41M
$1.39M
$1.34M $1.35M
$1.35M
$1.33M
$1.29M
$1.28M
$1.18M
$1.11M
$1.10M
$1.08M
$1.09M
Jul-20
Jun-21
Jul-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100%
100%+ 100%+ 100%+
100
80
57%
60
33%
40
30%
20
12%
7%
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
10 10 100%
3 1 33%
10 14 140%
29 37 128%
38 43 113%
49 28 57%
27 8 30%
26 3 12%
122 9 7%
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
23
Made with FlippingBook - professional solution for displaying marketing and sales documents online