langley CONDO-MAY 2021
SALESTO LISTINGSRATIO 51% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 24% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 23% VS2020
▲ 21% VS2020
▼ 10% VS2020
▲ 325% VS2020
Therewere336condolistingsinLangleyinMay,3% aboveApriland10%lowerthanMay2020.
Maycondosalesincreasedby16%month-over-month,to 170,andwere325%aboveMay2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 45% 147 326
%Change
Thesales-to-listingratioforcondosinLangley,at51%, reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
51% 170 336
$440 $395,775 $391,000 11% 40 374
373% 325% -10%
12% 16% 3%
ThecondomedianpriceinMaywas$472,000,a1.5% decreasefromApriland21%aboveMay2020. Theaveragesoldpricewas$485,446,0.5%belowlast month;theaveragePSFsalepricewas$543,down1.0% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$543 $485,446 $472,000
$538 $487,801 $479,000
1% -0.5% -1.5%
24% 23% 21%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
396
427 427
425
417
352
374
326
336
301 301
196 295
271
172
170
123
11
147
90
13
102
101 97
97
40
$479K
$472K
$463K
$455K
$429K
$420K
$410K
$405K
$406K
$398K
$398K
$395K
$391K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
200
4+bdrms
150
72%
14
58%
3bdrms
100
72
112
26%
50
22%
2bdrms
191
0
44
<$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
53 38 72%
189 109 58%
81 21 26%
9 2 22%
3 0 n/a
1 0 n/a
73
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 25 ●
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