langley DETACHED-MAY 2021
SALESTO LISTINGSRATIO 57% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 51% VS2020
▲ 34% VS2020
▼ 8% VS2020
▲ 195% VS2020
Therewere435detachedlistingsinLangleyinMay,2% belowApriland8%lowerthanMay2020. Maydetachedhomesalesdecreasedby8% month-over-month,to248,andwere195%aboveMay 2020. Thesales-to-listingratiofordetachedinLangley,at57%, reflectedaseler'smarket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 61% 270 444
%Change
TOTALLISTINGS TOTALSALES
57% 248 435
$1,129,489 $1,052,500 18% 84 472
220% 195% -8%
-6% -8% -2%
ThedetachedmedianpriceinMaywas$1,414,250,a 1.6%increasefromApriland34%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,703,247,1.4%abovelast monthandup51%toMay2020.
$1,679,601 $1,392,500
1.4% 1.6%
$1,703,247 $1,414,250
51% 34%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
454
444
472
484
471
435
463
383
1.94
1.90
374
308
1.78
270
249
1.55
248
1.53
1.51
264
197
185
177
236
172
224
163
164
156
18
99
84
$1.41M
$1.39M
$1.34M $1.35M
$1.29M
$1.28M
$1.18M
$1.11M
$1.10M
$1.08M
$1.09M
$1.05M
$1.02M
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100%+
89%
100
72%
70%
80
57%
57%
60
47%
40
15%
20
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
9 8 89%
1 0 n/a
28 16 57%
45 56 124%
86 62 72%
73 51 70%
37 21 57%
32 15 47%
124 19 15%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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