langley
DETACHED - JUNE 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
24 % DOWN
3 % UP
-
8 % UP
BALANCED 13 %
Detached listings in Langley (at 712) were 1.0% above May and 8% higher than in June 2018. Month-over-month detached sales were down by 16% in June (to 96) and 24% lower year-over-year. The sales-to-listings ratio decreased to 13%, as Langley’s detached market remained in balanced market territory. June’s detached benchmark price of $982,300 was 0.6% below May and 9% lower vs June 2018. The average sold price was $1.23M, up 9% from May and 3% higher year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 705 114 16%
% Change
No. 661 127 19%
% Change
TOTAL LISTINGS
712
1.0% -16% -17%
8%
TOTAL SALES
96
-24% -30%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
13%
$982,300 $988,700 $1,234,226 $1,135,985
-0.6% $1,073,700 9% $1,192,810
-9%
3%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.07
$1.05
$1.02
$1.00
$0.99
2.39
$0.98
$0.98
2.36
2.36
738
712
681
661
649
532
2.03
483
1.99
1.97
127
107
96
86
79
72
68
Jun-18
May-19
Jun-19
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
CurrentasofJuly3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
Made with FlippingBook - professional solution for displaying marketing and sales documents online