langley TOWNHOME-APRIL 2021
SALESTO LISTINGSRATIO 103% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 27% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2020
▲ 23% VS2020
▲ 10% VS2020
▲ 307% VS2020
Therewere178townhomelistingsinLangleyinApril, 40%aboveMarchand10%higherthanApril2020. Apriltownhomesalesdecreasedby0.5% month-over-month,to183,andwere307%aboveApril 2020. Thesales-to-listingratiofortownhomesinLangley,at 103%,reflectedaseler'smarket. ThetownhomemedianpriceinAprilwas$732,000,a3% increasefromMarchand23%aboveApril2020. Theaveragesoldpricewas$749,805,3%abovelast month;theaveragePSFsalepricewas$485,up4%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 184 127
%Change
TOTALLISTINGS TOTALSALES
183 178
$382 $604,634 $595,000 28% 45 162
270% 307% 10%
4% 3% 3% -29% -0.5% 40%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$485 $749,805 $732,000 103%
$469 $725,025 $710,500 145%
27% 24% 23%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2020 ● APR 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
236
252 252
206
221
187
183
21
178
155
184
182
162
134
132
128
19
144
95
127
120
101
95
96
45
53
$732K
$711K
$650K
$650K
$633K
$615K
$615K
$600K
$595K
$590K
$595K
$587K
$575K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
30
100%+ 100%+ 100%+
4+bdrms
35
82%
80
67%
107
60
3bdrms
99
40
45
2bdrms
20
43
0
1 1
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
28 23 82%
100 104 104%
43 46 107%
4 8 200%
3 2 67%
Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 24 ●
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