langley TOWNHOME - JULY 2 0 2 4
SALES TO LISTINGS RATIO 43% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 2% VS 2023
▲ 63% VS 2023
▲ 25% VS 2023
There were 245 townhome listings in Langley in July, 5% below June and 63% higher than July 2023. July townhome sales increased by 23% month-over-month, to 106, and were 25% above July 2023. The sales-to-listing ratio for townhomes in Langley, at 43%, reflected a sellers' market. The townhome median price in July was $873,000, a 0.1% increase from June and 2% above July 2023. The average sold price was $907,165, 3% above last month; the average PSF sale price was $564, down 1.9% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
106 245
$577 $858,833 $852,500 57% 85 150
-2% 6% 2% -24% 25% 63%
$575 $883,871 $872,500 33% 86 258
30% 23% -5%
$564 $907,165 $873,000 43%
-1.9% 3% 0.1%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUL 2023 ● JUL 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
245
258
252
196
154
154
145
150
156
145
109
138
132
122
90
106
79
85
59
58
87
86
64
53
46
38
$890K
$876K
$880K
$878K
$865K
$871K
$868K
$873K
$873K
$853K
$853K
$845K
$845K
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%+
37
120
4+ bdrms
75
100
47
80
3 bdrms
52%
50% 50%
122
43%
60
36%
22
40
2 bdrms
48
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 2 50%
60 30 50%
130 47 36%
42 22 52%
7 3 43%
1 2 200%
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 August 6, 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 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online