langley
TOWNHOME MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 13 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO 143 %
MARKET SUMMARY ›
146 % UP
23 % DOWN
16 % UP
21 % UP
At 127, the number of townhome listings in Langley were 3% higher month-over-month but 23% lower year-over-year. Townhome sales, at 182, were down 11% month- over-month but 146% higher year-over-year. The sales-to-listings ratio decreased to 143% in March, as Langley’s townhome segment remained in seller’s market territory. The benchmark price in March was $635,500, 4% above last month and 13% higher vs last year. The average sold price was $722,416, while the average PSF sales price was $471 (both up 7% from last month).
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 123 205
% Change
No. 164
% Change
TOTAL LISTINGS
127 182
3%
-23% 146% 218%
TOTAL SALES
-11% -14%
74
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
143%
167%
45%
$635,500 $611,600 $722,416 $677,126
4% $561,500 7% $621,533
13% 16% 21%
$471
$442
7%
$388
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$635,500
$593,200
$561,500 $569,500 $576,900 $576,900 $579,200
256
234
201
182
185
164
159
132
127
128
121
100
74
52
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
23
4+ bdrms
24
SELLER'S MARKET
115
3 bdrms
BALANCED
70
BUYER'S MARKET
44
<3 bdrms
. . . . 0 0 0 0 QD QD QD
33
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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