langley TOWNHOME - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 26% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 81% VS 2023
▼ 0.7% VS 2023
▼ 0.6% VS 2023
▼ 19% VS 2023
There were 250 townhome listings in Langley in August, 1.6% above July and 81% higher than August 2023. August townhome sales decreased by 40% month-over-month, to 64, and were 19% below August 2023. The sales-to-listing ratio for townhomes in Langley, at 26%, reflected a sellers' market. The townhome median price in August was $840,000, a 4% decrease from July and 0.6% below August 2023. The average sold price was $861,950, 5% below last month; the average PSF sale price was $562, down 0.3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 106 246
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$562 $861,950 $840,000 26% 64 250
$565 $868,273 $845,000 57% 79 138
-0.6% -0.7% -0.6% -55% -19% 81%
-0.3% -5% -4% -41% -40% 1.6%
$564 $907,165 $873,000 43%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
250
258
252
246
196
154
154
145
156
138
145
109
106
132
122
90
79
59
58
87
86
64
64
53
46
38
$890K
$876K
$880K
$878K
$865K
$871K
$868K
$873K
$873K
$853K
$845K
$845K
$840K
LANGLEY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
140
100%
19
120
4+ bdrms
69
100
33
80
3 bdrms
123
60
27%
24%
12
40
21%
2 bdrms
58
8%
20
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
4 4 100%
66 16 24%
128 35 27%
38 8 21%
12 1 8%
1 0 n/a
1 0 n/a
Copyright © 2024 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 September 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 24 ●
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