langley CONDO -APRIL 2023
SALES TO LISTINGSRATIO 48% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 4% VS 2022
▼ 4% VS 2022
▲ 6% VS 2022
▼ 11% VS 2022
Therewere222 condolistingsin Langleyin April,6% below M arch and 6% higherthan April2022.
Aprilcondosalesdecreased by19% m onth-over-m onth, to106,and were11% below April2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 57% 119 209
% Change
No. 56% 131 235
% Change
Thesales-to-listing ratio forcondosin Langley,at48% , reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
48% 106 222
-16% -11% 6%
-14% -19% -6%
Thecondom edian pricein Aprilwas$556,000,a5% increasefrom M arch and 4% below April2022. Theaveragesold pricewas$579,643,4% abovelast m onth;theaveragePSF salepricewas$663,up 3% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$663 $579,643 $556,000
$640 $557,051 $529,000
3% 4% 5%
$706 $604,788 $580,000
-6% -4% -4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
297
31
290
274
250
230
265
248
244
222
235
209
197
131
10
19
91
86
106
90
64
62
60
57
55
48
$580K $583K
$564K $550K $555K $523K $538K
$527K $540K $529K $556K
$494K $506K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
100%+
4+ bdrms
100
80
13 12
3 bdrms
50% 47%
60
45%
40
27%
68
2 bdrms
139
20
0
26
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
15 4 27%
123 61 50%
72 34 47%
11 5 45%
1 2 200%
70
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