langley
CONDO FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
136 % UP
SELLER’S 57 %
3 % DOWN
12 % UP
20 % UP
The number of condo listings in Langley, at 302, decreased 3% month-over-month and year-over-year. February’s condo sales, at 172, were 74% above last month and 136% higher vs this time last year. The sales-to-listings ratio increased to 57% in February, as Langley’s condo segment remained a seller’s market. The condo benchmark price in February was $415,600, up 2% from January and 6% above February 2020. The average sold price was $458,078 (a 6% increase from January) with an average PSF sales price of $523 (10% above January).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 311
% Change
No. 310
% Change
TOTAL LISTINGS
302 172 57%
-3% 74% 79%
-3%
TOTAL SALES
99
73
136% 142%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
32%
24%
$415,600 $406,100 $458,078 $431,546
2% $392,400 6% $408,901
6%
12% 20%
$523
$476
10%
$436
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$415,600
$392,400 $403,100 $398,700 $400,900 $397,500 $400,300
443
434
425
374
310
302
275
172
120
101
100
99
73
32
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
9
3+ bdrms
BUYER'S MARKET
62
127
2 bdrms
167
36
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
73
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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