langley
CONDO - OCTOBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
26 % UP
12 % DOWN
1.9 % UP
3 % DOWN
SELLER’S 32 %
The number of condo listings in Langley, at 273, decreased 10% month-over-month and fell 12% vs last year. October’s condo sales, at 86, were up by 16% from last month and 26% above this time last year. The sales-to-listings ratio jumped to 32% in October, as Langley’s condo segment remained in seller’s market territory. The condo benchmark price in October was $399,700, relatively unchanged from September and a 6% decrease from October 2018. The average sold price was $415,156 (up 7% vs September) with an average PSF sales price of $445 (1.6% above September).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 302
% Change
No. 309
% Change
TOTAL LISTINGS
273
-10% 16% 29%
-12% 26% 43%
TOTAL SALES
86
74
68
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
32%
25%
22%
$399,700 $400,200 $415,156 $387,398
-0.1% $423,000 7% $407,254
-6%
1.9%
$445
$438
1.6%
$457
-3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$423,000 $413,000 $415,200 $419,800 $416,900 $410,400 $399,700
314
317
309
301
273
265
220
86
82
68
65
63
59
53
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
5
BALANCED
3+ bdrms
BUYER'S MARKET
12
56
2 bdrms
193
25
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
68
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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