langley CONDO-JULY 2021
SALESTO LISTINGSRATIO 45% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 23% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 22% VS2020
▲ 18% VS2020
▼ 33% VS2020
▲ 14% VS2020
Therewere285condolistingsinLangleyinJuly,12% belowJuneand33%lowerthanJuly2020.
Julycondosalesdecreasedby12%month-over-month,to 127,andwere14%aboveJuly2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 26% 111 427
%Change
No. 45% 145 323
%Change
Thesales-to-listingratioforcondosinLangley,at45%, reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
45% 127 285
23% 22% 18% 71% 14% -33%
0.4% -1.8% 0.2% -0.7% -12% -12%
ThecondomedianpriceinJulywas$471,000,a0.2% increasefromJuneand18%aboveJuly2020. Theaveragesoldpricewas$486,398,1.8%belowlast month;theaveragePSFsalepricewas$550,down0.4% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$550 $486,398 $471,000
$547 $495,152 $470,000
$446 $397,886 $398,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2020 ● JUL 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
427
396
425
417
352
342
332
323
301
302
285
196 300
271
172
170
123
127
147
145
11
13
102
101 97
97
$479K
$472K
$470K
$471K
$463K
$455K
$429K
$420K
$410K
$405K
$406K
$398K
$398K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
150
4+bdrms
2
70%
100
10
57%
3bdrms
61
50
77
2bdrms
157
14%
0
40
<$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
37 26 70%
155 88 57%
78 11 14%
12 0 n/a
0 2 n/a
1 0 n/a
2 0 n/a
65
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 25 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online