langley
DETACHED SEPTEMBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % UP
-
34 % DOWN
61 % UP
SELLER’S 41 %
Detached listings in Langley (at 447) were 11% below August and 34% lower than in September 2019. Month-over-month detached sales increased 12% in September (to 184) and were 61% higher year-over-year. The sales-to-listings ratio increased to 41%, as Langley’s detached market remained in seller’s market territory. September’s detached benchmark price of $1.08M was 1.1% above August and 10% higher vs September 2019. The average sold price was $1.25M, a 4% increase from August and 9% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 502 164 33%
% Change
No. 677 114 17%
% Change
TOTAL LISTINGS
447 184 41%
-11% 12% 26%
-34% 61% 144%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,078,100 $1,066,500 1.1% $982,300
10%
$1,249,878 $1,200,670
4% $1,146,608
9%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.08
$1.06
$1.03
$1.03
$1.00
$0.99
$0.98
1.87
1.85
1.78
1.47
1.44
677
1.43
537
520
496
494
447
395
184
179
114
113
100
85
65
Sep-19
Aug-20
Sep-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
S-L RATIO SALES INVENTORY
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 5, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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