langley
CONDO MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 21 %
18 % DOWN
12 % DOWN
1.3 % UP
16 % UP
The number of condo listings in Langley, at 331, increased 9% month-over-month and rose 16% vs last year. March’s condo sales, at 70, were 4% below last month and 18% below this time last year. The sales-to-listings ratio declined to 21% in March, as Langley’s condo segment remained in seller’s market territory. The condo benchmark price in March was $425,500, 3% above February and 2% above March 2019. The average sold price was $385,130 (a 6% decline from February) with an average PSF sales price of $460 (6% above February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 303
% Change
No. 285
% Change
TOTAL LISTINGS
331
9%
16% -18% -29% -12% 1.3% 2%
TOTAL SALES
70
73
-4%
85
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
21%
24%
-12%
30%
$425,500 $412,200 $385,130 $408,901
3% $416,900 -6% $439,293
$460
$436
6%
$454
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$416,900 $418,100 $410,200 $400,200 $399,200 $405,900 $425,500
330
327
331
304
290
291
285
85
81
74
70
65
56
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
3
3+ bdrms
BUYER'S MARKET
25
40
2 bdrms
216
27
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
90
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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