langley
CONDO JULY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
28 %
14 % DOWN
1.3 % DOWN
32 % UP
113 % UP
The number of condo listings in Langley, at 432, decreased 1.4% month-over-month but rose 32% vs last year. July’s condo sales, at 119, were 20% above last month and 113% higher vs this time last year. The sales-to-listings ratio increased to 28% in July, as Langley’s condo segment remained a seller’s market. The condo benchmark price in July was $399,100, up 0.1% from June and 4% above July 2019. The average sold price was $396,762 (a 4% decrease from June) with an average PSF sales price of $455 (5% below June).
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 438
% Change
No. 327
% Change
TOTAL LISTINGS
432 119 28%
-1.4%
32%
TOTAL SALES
99
20% 22%
56
113%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23%
17%
61%
$399,100 $398,700 $396,762 $411,368
0.1% $385,300 -4% $461,047
4%
-14% -1.3%
$455
$477
-5%
$461
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$385,300 $377,600 $378,300 $386,300 $402,900 $402,600 $399,100
432
393
352
327
304
291
291
119
74
70
65
56
50
45
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
4
3+ bdrms
BUYER'S MARKET
39
77
2 bdrms
293
38
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
100
S-L RATIO SALES INVENTORY
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 August 7, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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