langford TOWNHOME - JANUARY 2 0 2 4
MONTHS OF INVENTORY 5.4 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.6% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 0.4% VS 2023
▲ 9% VS 2023
▲ 100% VS 2023
▼ 11% VS 2023
There were 75 townhome listings in Langford in January, 10% above December and 11% lower than January 2023. January townhome sales decreased by 7% month-over-month, to 14, and were 100% above January 2023. The months of inventory for townhomes in Langford, at 5.4, reflected a balanced market. The townhome median price in January was $772,948, a 13% increase from December and 9% above January 2023. The average sold price was $778,927, 8% above last month; the average PSF sale price was $473, down 1.7% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
14 75
$471 $775,906 $711,000 1200% 7 84
0.6% 0.4% 9% -55% 100% -11%
15 68
13% 18% -7% 10%
$473 $778,927 $772,948 5.4
$481 $721,140 $685,000 4.5
-1.7% 8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
73
86
84
95
93
84
72
75
70
70
70
70
68
58
29
27
25
24
18
15
35
21
14
19
7
13
13
12
$790K
$775K
$773K
19
$748K
$750K
$749K
$740K
$745K
$735K
$732K
$720K
$711K
$685K
Jan-23
Dec-23
Jan-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
25
4
15.0
4+ bdrms
20
21
15
9
3 bdrms
39
7.7
10
6.0
5.0
1
2 bdrms
5
14
2.3
1.0
0
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 1 15 15.0 2 2 1.0 3 7 2.3 3 23 7.7 3 18 6.0 2 10 5.0
1
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 8, 2024. All data from Victoria Real Estate Board & 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. 25 ●
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