langley CONDO -MAY 202
SALES TO LISTINGSRATIO 40% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 22% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 23% VS 2021
▲ 24% VS 2021
▼ 28% VS 2021
▼ 42% VS 2021
Therewere246 condolistingsin Langleyin M ay,18% aboveApriland 28% lowerthan M ay2021.
M aycondosalesdecreased by18% m onth-over-m onth, to98,and were42% below M ay2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 49% 170 344
% Change
No. 57% 120 209
% Change
Thesales-to-listing ratio forcondosin Langley,at40% , reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$666 $597,132 $584,500 40% 98 246
22% 23% 24% -19% -42% -28%
-6% -1.6% 0.6% -31% -18% 18%
Thecondom edian pricein M aywas$584,500,a0.6% increasefrom Apriland 24% aboveM ay2021. Theaveragesold pricewas$597,132,1.6% below last m onth;theaveragePSF salepricewas$666,down 6% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$705 $606,790 $581,250
$543 $485,446 $472,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2021 ● MAY 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
325
344
287
246
203
189
169
209
162
202
170
190
137
120
160
145
96
128
127
121
120
18
98
109
91
57
$606K $610K $615K $581K $585K
$589K $555K
$510K $540K
$472K $470K $471K $500K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
4+ bdrms
100
80
6
3 bdrms
31
60
48%
36%
40
65
23%
2 bdrms
152
20
0
27
<$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
119 57 48%
107 38 36%
13 3 23%
5 0 n/a
2 0 n/a
63
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