langley
DETACHED NOVEMBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 13 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
32 % UP
-
40 % DOWN
55 % UP
SELLER’S 55 %
Detached listings in Langley (at 320) were 20% below October and 40% lower than in November 2019. Month-over-month detached sales decreased 12% in November (to 175) but were 55% higher year-over-year. The sales-to-listings ratio increased to 55%, as Langley’s detached market remained in seller’s market territory. November’s detached benchmark price of $1.11M was 2% above October and 13% higher vs November 2019. The average sold price was $1.51M, a 20% increase from October and 32% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 400 198 50%
% Change
No. 537 113 21%
% Change
TOTAL LISTINGS
320 175 55%
-20% -12% 10%
-40% 55% 160%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,115,200 $1,090,800 $1,505,387 $1,257,988
2% $990,300 20% $1,139,997
13% 32%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.12
$1.08
$1.06
$1.03
$1.03
$1.00
$0.99
1.93
1.89
1.80
1.46
1.46
1.45
537
520
494
498
472
395
320 175
184
179
113
100
85
65
Nov-19
Oct-20
Nov-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
Copyright © 2020 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 December 3, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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