langley
TOWNHOME FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO 175 %
MARKET SUMMARY ›
142 % UP
18 % DOWN
15 % UP
15 % UP
At 118, the number of townhome listings in Langley were 25% lower month-over-month and 18% lower year-over-year. Townhome sales, at 206, were up 106% month-over- month and 142% higher year-over-year. The sales-to-listings ratio jumped to 175% in February, as Langley’s townhome segment remained in seller’s market territory. The benchmark price in February was $611,600, 3% above last month and 9% higher vs last year. The average sold price was $676,872, while the average PSF sales price was $442 (up 2% and 4%, respectively, from last month).
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 157 100 64%
% Change
No. 144
% Change
TOTAL LISTINGS
118 206
-25% 106% 174%
-18% 142% 196%
TOTAL SALES
85
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
175%
59%
$611,600 $593,200 $676,872 $663,209
3% $559,200 2% $589,383
9%
15% 15%
$442
$423
4%
$386
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$611,600
$559,200 $566,500 $574,400 $576,200 $576,400 $586,800
265
244
233
206
164
141
144
131
118
96
95
95
85
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
38
BUYER'S MARKET
4+ bdrms
17
115
3 bdrms
69
53
<3 bdrms
. . . . 0 0 0 0 QD QD QD
32
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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