langley CONDO-APRIL 2021
SALESTO LISTINGSRATIO 46% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 12% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2020
▲ 28% VS2020
▼ 7% VS2020
▲ 413% VS2020
Therewere323condolistingsinLangleyinApril,11% aboveMarchand7%lowerthanApril2020.
Aprilcondosalesdecreasedby24%month-over-month, to149,andwere413%aboveApril2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 8% 29 348
%Change
No. 67% 196 292
%Change
Thesales-to-listingratioforcondosinLangley,at46%, reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
46% 149 323
454% 414% -7%
0.4% 6% 5% -31% -24% 11%
ThecondomedianpriceinAprilwas$479,000,a5% increasefromMarchand28%aboveApril2020. Theaveragesoldpricewas$490,784,6%abovelast month;theaveragePSFsalepricewas$538,up0.4%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$538 $490,784 $479,000
$535 $462,702 $455,000
$482 $380,117 $375,500
12% 29% 28%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2020 ● APR 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
396
427 427 425
417
352
348
374
301 300
323
196 292
271
172
123
149
11
90
13
102
101
97
97
40
29
$479K
$463K
$455K
$429K
$420K
$410K
$405K
$406K
$398K
$398K
$395K
$391K
$376K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
4+bdrms
150
16
60%
100
3bdrms
52%
64
98
50
25%
2bdrms
186
11%
0
35
<$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
62 37 60%
176 91 52%
75 19 25%
9 1 11%
0 1 n/a
1 0 n/a
73
Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 25 ●
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