langley
CONDO - DECEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
2 % DOWN
4 % UP
11 % DOWN
1.4 % DOWN
8 % UP
SELLER’S 27 %
The number of condo listings in Langley, at 215, decreased 24% month-over-month and fell 2% vs last year. December’s condo sales, at 57, were down by 12% from last month but 8% above this time last year. The sales-to-listings ratio increased to 27% in December, as Langley’s condo segment remained in seller’s market territory. The condo benchmark price in December was $407,300, up 2% from November but a 1.4% decrease from December 2018. The average sold price was $417,961 with an average PSF sales price of $443 (both up 6% vs November).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 282
% Change
No. 220
% Change
TOTAL LISTINGS
215
-24% -12% 15%
-2%
TOTAL SALES
57
65
53
8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
27%
23%
24%
10%
$407,300 $399,200 $417,961 $394,389
2% $413,000 6% $400,619
-1.4%
4%
$443
$418
6%
$499
-11%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$413,000 $415,200 $419,800 $416,900 $410,400 $399,700 $407,300
317
314
302
290
265
215
220
86
82
64
63
59
57
53
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
4
3+ bdrms
BUYER'S MARKET
13
41
2 bdrms
142
12
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
60
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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