langley
DETACHED FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 21 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
40 % UP
-
36 % DOWN
46 % UP
SELLER’S 57 %
Detached listings in Langley (at 285) were 6% above January but 36% lower than in February 2020. Month-over-month detached sales increased 60% in February (to 162) and were 46% higher year-over-year. The sales-to-listings ratio increased to 57%, as Langley’s detached market remained in seller’s market territory. February’s detached benchmark price of $1.21M was 4% above January and 21% higher vs February 2020. The average sold price was $1.63M, a 9% decrease from January but 40% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 270 101 37%
% Change
No. 445 111 25%
% Change
TOTAL LISTINGS
285 162 57%
6%
-36% 46% 128%
TOTAL SALES
60% 52%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,210,600 $1,163,100 $1,626,656 $1,788,417
4% $1,002,200 -9% $1,158,877
21% 40%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.21
$1.14
$1.09
$1.07
$1.04
$1.04
1.98
1.96
$1.00
1.79
1.47
513
1.46
501
504
1.43
445
408
285
243
198
164
164
111
50
162
120
Feb-20
Jan-21
Feb-21
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD
S-L RATIO SALES INVENTORY
Copyright © 2021 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 March 3, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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