langley TOWNHOME-APRIL 2023
SALES TO LISTINGSRATIO 91% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 11% VS 2022
▼ 9% VS 2022
▼ 42% VS 2022
▼ 3% VS 2022
Therewere104 townhom elistingsin Langleyin April, 4% below M arch and 42% lowerthan April2022. Apriltownhom esalesdecreased by7% m onth-over-m onth,to 95,and were3% below April 2022. Thesales-to-listing ratio fortow nhom esin Langley,at 91% ,reflected aselers'm arket. Thetownhom em edian pricein Aprilwas$841,000,a4% increasefrom M arch and 9% below April2022. Theaveragesold pricewas$848,402,3% abovelast m onth;theaveragePSF salepricewas$551,up 4% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 94% 102 108
% Change
TOTALLISTINGS TOTALSALES
$551 $848,402 $841,000 91% 95 104
$602 $953,428 $925,000 55% 98 178
-8% -11% -9% 66% -3% -42%
-3% -7% -4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$532 $821,108 $810,000
4% 3% 4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
228
260
253
194
212
155
178
166
17
13
108
91
104
19
98
102
68
95
53
80
38
61
58
51
37
33
$925K $881K $880K
$825K $790K $780K $770K $800K
$810K $841K
$738K $777K $780K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
60
18
100%+ 100%+
50
4+ bdrms
34
86%
75%
40
45
3 bdrms
30
51
40%
20
32
2 bdrms
19
10
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
4 7 175%
22 26 118%
56 48 86%
16 12 75%
5 2 40%
1 0 n/a
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