langley
DETACHED - DECEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
2 % UP
30 % DOWN
-
0.6 % DOWN
25 % UP
SELLER’S 25 %
Detached listings in Langley (at 336) were 36% below November and 30% lower than in December 2018. Month-over-month detached sales were down by 25% in December (to 85) but 25% higher year-over-year. The sales-to-listings ratio slightly increased to 25%, as Langley’s detached market remained in seller’s market territory. December’s detached benchmark price of $996,700 was 0.6% above November but 0.6% lower vs December 2018. The average sold price was $1.12M, down 1.4% from November but 2% higher year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 526 114 22%
% Change
No. 480
% Change
TOTAL LISTINGS
336
-36% -25% 17%
-30% 25% 79%
TOTAL SALES
85
68
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
25%
14%
$996,700 $990,300
0.6% $1,003,000 -0.6%
$1,124,268 $1,140,173 -1.4% $1,099,718
2%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.00
$1.00
$0.99
$0.98
$0.98
$0.98
$0.98
2.03
2.03
2.02
736
688
648
600
529
1.23
480
1.20
1.20
336
144
109
106
95
85
72
68
Dec-18
Nov-19
Dec-19
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 January 6, 2020. All data from RealEstateBoardof 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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