langley
DETACHED MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 25 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
156 % UP
27 % UP
-
19 % DOWN
SELLER’S 64 %
Detached listings in Langley (at 401) were 37% above February but 19% lower than in March 2020. Month-over-month detached sales increased 59% in March (to 256) and were 156% higher year-over-year. The sales-to-listings ratio increased to 64%, as Langley’s detached market remained in seller’s market territory. March’s detached benchmark price of $1.28M was 6% above February and 25% higher vs March 2020. The average sold price was $1.57M, a 4% decrease from February but 27% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 293 161 55%
% Change
No. 494 100 20%
% Change
TOTAL LISTINGS
401 256 64%
37% 59% 16%
-19% 156% 215%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,279,600 $1,210,600 $1,572,616 $1,630,548
6% $1,026,600 -4% $1,240,425
25% 27%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.28
$1.16
$1.12
2.01
$1.08
1.98
$1.06
$1.03
$1.03
1.83
1.47
1.46
520
498
1.39
494
472
401
335
275
184
179
175
101
100
256
85
Mar-20
Feb-21
Mar-21
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 © 2021 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 April 6, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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