langley TOWNHOME-JULY 2021
SALESTO LISTINGSRATIO 68% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 31% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 26% VS2020
▲ 27% VS2020
▼ 30% VS2020
▼ 21% VS2020
Therewere155townhomelistingsinLangleyinJuly,7% belowJuneand30%lowerthanJuly2020. Julytownhomesalesdecreasedby15% month-over-month,to106,andwere21%belowJuly 2020. Thesales-to-listingratiofortownhomesinLangley,at 68%,reflectedaseler'smarket. ThetownhomemedianpriceinJulywas$756,000,a2% increasefromJuneand27%aboveJuly2020. Theaveragesoldpricewas$762,644,1.3%abovelast month;theaveragePSFsalepricewas$505,up2%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 61% 134 221
%Change
No. 75% 125 167
%Change
TOTALLISTINGS TOTALSALES
68% 106 155
31% 26% 27% 13% -21% -30%
2% 1.3% 2% -9% -15% -7%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$505 $762,644 $756,000
$494 $752,564 $740,000
$385 $605,542 $594,500
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2020 ● JUL 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
252 252
221
206
187
184
183
21
155
184
178
155
167
134
132
128
19
148
144
127
125
106
120
101
95
96
$756K
$740K
$732K
$730K
$711K
$650K
$650K
$633K
$615K
$615K
$600K
$595K
$587K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
70
15
60
94%
4+bdrms
45
80%
50
67%
62
40
3bdrms
82
46%
30
40%
20
28 28
2bdrms
10
0
1
<$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
0 2 n/a
25 10 40%
66 62 94%
56 26 46%
5 4 80%
3 2 67%
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 24 ●
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