langley
CONDO - JUNE 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.5 % DOWN
36 % UP
25 % DOWN
BALANCED 19 %
9 % DOWN
The number of condo listings in Langley, at 303, decreased 7% month-over-month but jumped 36% vs last year. June’s condo sales, at 59, were down by 27% from last month and 25% below this time last year. The sales-to-listings ratio dipped to 19% in June, as Langley’s condo segment transitioned to balanced market territory. The condo benchmark price in June was $416,900, virtually unchanged from May and a 7% decrease from June 2018. The average sold price was $416,666 (up 10% vs May) with an average PSF sales price of $443 (3% below May).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 327
% Change
No. 223
% Change
TOTAL LISTINGS
303
-7%
36% -25% -45%
TOTAL SALES
59
81
-27% -21%
79
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
19%
25%
35%
$416,900 $418,100 $416,666 $378,657
-0.3% $448,500 10% $418,568
-7%
-0.5%
$443
$456
-3%
$489
-9%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$448,500 $439,000 $423,000 $413,000 $415,200 $419,800 $416,900
316
311
303
267
252
222
223
79
82
68
63
59
61
53
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3
3+ bdrms
BUYER'S MARKET
22
47
2 bdrms
214
9
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
67
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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