langley
CONDO SEPTEMBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
26 %
9 % UP
10 % UP
7 % UP
32 % UP
39 % UP
The number of condo listings in Langley, at 400, decreased 6% month-over-month but rose 32% vs last year. September’s condo sales, at 103, were 3% above last month and 39% higher vs this time last year. The sales-to-listings ratio increased to 26% in September, as Langley’s condo segment remained a seller’s market. The condo benchmark price in September was $404,100, up 0.8% from August and 7% above September 2019. The average sold price was $422,529 (a 3% decrease from August) with an average PSF sales price of $481 (1.1% above August).
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 427 100 23%
% Change
No. 304
% Change
TOTAL LISTINGS
400 103 26%
-6%
32% 39%
TOTAL SALES
3%
74
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
24%
6% 7% 9%
$404,100 $400,900 $422,529 $433,529
0.8% $377,600 -3% $387,398
$481
$476
1.1%
$438
10%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$402,900 $402,600 $399,100 $404,100
$377,600 $378,300 $386,300
443
400
390
349
304
291
291
119
103
74
70
65
50
45
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
7
3+ bdrms
BUYER'S MARKET
45
67
2 bdrms
254
29
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
101
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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