langley TOWNHOME - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 44% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 7% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 10% VS 2023
▲ 12% VS 2023
▲ 13% VS 2023
▲ 76% VS 2023
There were 132 townhome listings in Langley in January, 8% above December and 13% higher than January 2023. January townhome sales increased by 53% month-over-month, to 58, and were 76% above January 2023. The sales-to-listing ratio for townhomes in Langley, at 44%, reflected a sellers' market. The townhome median price in January was $868,000, a 0.9% decrease from December and 12% above January 2023. The average sold price was $874,853, 0.0% below last month; the average PSF sale price was $555, up 0.8% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$555 $874,853 $868,000 44% 58 132
$516 $797,498 $776,500 28% 33 117
7% 10% 12% 56% 76% 13%
$550 $874,953 $876,250 31% 38 122
41% 53% 8%
0.8% 0% -0.9%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JAN 2023 ● JAN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
150
145
154
132
145
132
138
113
131
108
117
104
122
108
102
79
96
95
85
59
58
58
53
46
38
33
$883K
$879K
$871K
$876K
$868K
$865K
$853K
$845K
$845K
$841K
$810K
$780K
$777K
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
70
11
4+ bdrms
60
47
50
29
61%
40
3 bdrms
64
47%
30
29%
18
20
2 bdrms
21
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
0 2 n/a
23 14 61%
68 32 47%
34 10 29%
6 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 February 7, 2024. All data from Real Estate Board of 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. 24 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online