langley
TOWNHOME MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
29 % DOWN
SELLER’S 48 %
8 % UP
1.0 % UP
23 % UP
At 154, the number of townhome listings in Langley were 9% higher month-over-month but 29% lower year-over-year. Townhome sales, at 74, were down by 13% vs February but 23% above last March. The sales-to-listings ratio declined to 48% in March, as Langley’s townhome segment remained in seller’s market territory. The benchmark price in March was $561,300, relatively unchanged vs last month and 1.6% higher vs last year. The average sold price was $621,533, while the average PSF sales price was $388 (up 5% and 0.5%, respectively, from last month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 141
% Change
No. 217
% Change
TOTAL LISTINGS
154
9%
-29% 23% 74% 1.6%
TOTAL SALES
74
85
-13% -20%
60
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
48%
60%
28%
$561,300 $559,000 $621,533 $589,383
0.4% $552,300 5% $577,705
8%
$388
$386
0.5%
$384
1.0%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$552,300 $556,400 $557,800 $553,400 $551,600 $555,500 $561,300
304
295
267
217
194
154
134
94
95
87
85
74
60
47
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
10
4+ bdrms
BUYER'S MARKET
25
41
3 bdrms
77
23
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
52
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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