langley TOWNHOME-AUGUST 202
SALES TO LISTINGSRATIO 32% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 6% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2021
▲ 5% VS 2021
▲ 84% VS 2021
▼ 51% VS 2021
Therewere212 townhom elistingsin Langleyin August, 16% below Julyand 84% higherthan August2021. Augusttownhom esalesincreased by11% m onth-over-m onth,to68,and were51% below August 2021. Thesales-to-listing ratio fortow nhom esin Langley,at 32% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$790,000,a 4% decreasefrom Julyand 5% aboveAugust2021. Theaveragesold pricewas$786,760,7% below last m onth;theaveragePSF salepricewas$530,down 4% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 139 115
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$530 $786,760 $790,000 32% 68 212
-73% -51% 84%
$551 $845,772 $825,000 24% 61 253
33% 11% -16%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$499 $765,787 $750,000 121%
-4% -7% -4%
6% 3% 5%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2021 ● AUG 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
228
260
253
212
178
140
15 139
18
13
10
135
95
92
91
74
105
102
98
68
82
80
70
61
50
21
$975K $950K
$925K $881K $880K
$850K $851K $902K $912K
$825K $790K
$750K $773K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
100
6
4+ bdrms
80
54
60
39
3 bdrms
104
49%
40
38%
28%
23
2 bdrms
20
54
13%
10%
0
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
13 5 38%
67 33 49%
92 26 28%
31 3 10%
8 1 13%
1 0 n/a
Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 24 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online