langley
DETACHED - OCTOBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % DOWN
22 % DOWN
-
67 % UP
SELLER’S 25 %
Detached listings in Langley (at 573) were 14% below September and 22% lower than in October 2018. Month-over-month detached sales were up by 25% in October (to 144) and 67% higher year-over-year. The sales-to-listings ratio increased to 25%, as Langley’s detached market transitioned to seller’s market territory. October’s detached benchmark price of $983,500 was relatively unchanged from September and 3% lower vs October 2018. The average sold price was $1.08M, down 7% from September and 6% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 663 115 17%
% Change
No. 735
% Change
TOTAL LISTINGS
573 144 25%
-14% 25% 45%
-22% 67% 115%
TOTAL SALES
86
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12%
$983,500 $982,300 $1,077,646 $1,161,988
0.1% $1,015,800 -7% $1,141,037
-3% -6%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.02
$1.00
$0.99
$0.98
$0.98
$0.98
$0.98
2.46
2.45
2.40
735
736
688
648
573
529
480
2.03
2.02
1.99
144
109
106
95
86
72
68
Oct-18
Sep-19
Oct-19
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 © 2019 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 November 6, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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