langley
DETACHED MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
19 % DOWN
10 % UP
-
19 % UP
SELLER’S 21 %
Detached listings in Langley (at 471) were 8% above February but 19% lower than in March 2019. Month-over-month detached sales declined 10% in March (to 100) but were 19% higher year-over-year. The sales-to-listings ratio decreased to 21%, as Langley’s detached market remained favourable to sellers. March’s detached benchmark price of $1.03M was 2% above February and 4% higher vs March 2019. The average sold price was $1.24M, up 7% from February and 10% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 436 111 25%
% Change
No. 585
% Change
TOTAL LISTINGS
471 100 21%
8%
-19% 19% 48%
TOTAL SALES
-10% -17%
84
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
14%
$1,026,600 $1,002,600 $1,240,425 $1,158,877
2% $986,700 7% $1,128,806
4%
10%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.03
$1.00
$0.99
$0.99
$0.99
$0.98
$0.98
1.83
1.79
1.79
719
707
675
585
1.36
1.32
1.32
534
471
390
118
114
114
114
100
84
65
Mar-19
Feb-20
Mar-20
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 © 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 April 3, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
20
Made with FlippingBook - professional solution for displaying marketing and sales documents online