langley
TOWNHOME - OCTOBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
15 % DOWN
SELLER’S 37 %
2 % DOWN
1.7 % UP
28 % UP
At 235, the number of townhome listings in Langley was 10% below September and 15% lower vs October 2018. Townhome sales, at 88, were up by 1.1% vs September and 28% above last October. The sales-to-listings ratio increased to 37% in October, as Langley’s townhome segment remained in seller’s market territory. The benchmark price in October was $484,100, 0.5% below last month and 5% below last year. The average sold price was $572,341, while the average PSF sales price was $374 (up 2% and 3%, respectively, from last month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 262
% Change
No. 276
% Change
TOTAL LISTINGS
235
-10% 1.1% 13%
-15% 28% 50%
TOTAL SALES
88
87
69
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
37%
33%
25%
$484,100 $486,300 $572,341 $559,140
-0.5% $510,600 2% $562,691
-5%
1.7%
$374
$364
3%
$383
-2%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$510,600 $494,700 $486,100 $492,700 $498,600 $488,600 $484,100
294
276
284
268
235
196
192
88
79
77
74
69
53
40
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
14
4+ bdrms
BUYER'S MARKET
36
51
3 bdrms
132
23
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD
67
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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