langley TOWNHOME-MAY 202
SALES TO LISTINGSRATIO 30% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 20% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 25% VS 2021
▲ 21% VS 2021
▲ 27% VS 2021
▼ 52% VS 2021
Therewere233 townhom elistingsin Langleyin M ay, 31% aboveApriland 27% higherthan M ay2021. M aytownhom esalesdecreased by28% m onth-over-m onth,to71,and were52% below M ay 2021. Thesales-to-listing ratio fortow nhom esin Langley,at 30% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$881,000,a5% decreasefrom Apriland 21% aboveM ay2021. Theaveragesold pricewas$917,079,4% below last m onth;theaveragePSF salepricewas$587,down 2% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 80% 148 184
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$587 $917,079 $881,000 30% 71 233
20% 25% 21% -62% -52% 27%
$602 $953,428 $925,000 55% 98 178
-45% -28% 31%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-2% -4% -5%
$491 $734,453 $729,950
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2021 ● MAY 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
233
184
155
178
140
167
139
148
18
13
10
136
125
95
92
15
106
105
74
102
98
71
82
70
50
21
$975K $950K
$925K $881K
$850K $851K $902K $912K
$730K $740K $756K $750K $773K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
140
15
100%+
120
4+ bdrms
55
100
38
80
3 bdrms
123
60
39%
31%
40
28%
18
23%
2 bdrms
55
20
0
<$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
1 2 200%
48 15 31%
132 37 28%
36 14 39%
13 3 23%
3 0 n/a
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