langley TOWNHOME-MAY 2021
SALESTO LISTINGSRATIO 80% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 26% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 19% VS2020
▲ 24% VS2020
▲ 1.0% VS2020
▲ 179% VS2020
Therewere184townhomelistingsinLangleyinMay,3% aboveApriland1.1%higherthanMay2020. Maytownhomesalesdecreasedby19% month-over-month,to148,andwere179%aboveMay 2020. Thesales-to-listingratiofortownhomesinLangley,at 80%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$729,950,a 0.3%decreasefromApriland24%aboveMay2020. Theaveragesoldpricewas$734,453,2%belowlast month;theaveragePSFsalepricewas$491,down1.2% tolastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 183 178
%Change
TOTALLISTINGS TOTALSALES
80% 148 184
$388 $619,743 $590,000 29% 53 182
176% 179% 1.1%
1.2% -2% -0.3% -22% -19% 3%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$485 $749,805 $732,000 103%
$491 $734,453 $729,950
26% 19% 24%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
236
252 252
206
221
187
183
21
184
155
184
182
178
134
132
128
19
148
144
95
127
120
101
95
96
53
$732K
$730K
$711K
$650K
$650K
$633K
$615K
$615K
$600K
$590K
$595K
$587K
$575K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
16
100%+
4+bdrms
46
86%
80
70%
90
60
3bdrms
107
43%
40
42
2bdrms
20
31
0
<$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
17 19 112%
103 89 86%
53 37 70%
7 3 43%
4 0 n/a
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 24 ●
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