langley DETACHED -APRIL 2023
SALES TO LISTINGSRATIO 35% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 9% VS 2022
▼ 6% VS 2022
▼ 20% VS 2022
▼ 9% VS 2022
Therewere340 detached listingsin Langleyin April, 1.2% below M arch and 20% lowerthan April2022. A prildetached hom esalesdecreased by 9% m onth-over-m onth,to118,and were9% below April 2022. Thesales-to-listing ratio fordetached in Langley,at35% , reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 30% 129 423
% Change
No. 38% 130 344
% Change
TOTALLISTINGS TOTALSALES
35% 118 340
-9% -6% 14% -9% -20%
-8% -9% -1.2%
Thedetachedm edian pricein Aprilwas$1,545,000,a 12% increasefrom M arch and 6% below April2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,621,001,10% abovelast m onth and down 9% toApril2022.
$1,474,129 $1,375,000
10% 12%
$1,621,001 $1,545,000
$1,777,032 $1,640,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
514
578
577
461
520
431
1.84
484
1.77
1.70
423
344
1.59
340
1.53
1.51
327
321
312
130
10
129
86 88
18
79
80
76
76
70
57
61
$1.64M
$1.59M $1.53M $1.51M
$1.55M
$1.35M $1.38M $1.39M $1.30M $1.36M $1.32M $1.38M $1.38M
22-Apr
23-M ar 23-Apr
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
100
93%
80
60
64%
51%
40
43%
42%
19%
20
19%
8%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+
S-L RATIO SALES INVENTORY
24 10 42%
2 0 n/a
7 3 43%
15 14 93%
49 25 51%
67 43 64%
43 8 19%
42 8 19%
91 7 8%
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