langley DETACHED -SEPTEMBER 202
SALES TO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY Therewere484 detached listingsin Langleyin Septem ber,-7% below Augustand 66% higherthan Septem ber2021. Septem berdetached hom esalesincreased by 1.1% m onth-over-m onth,to88,and were21% below Septem ber2021. Thesales-to-listing ratio fordetached in Langley,at18% , reflected abalanced m arket. Thedetached m edian pricein Septem berwas $1,375,000,a1.9% increasefrom Augustand 2% below Septem ber2021. Theaveragesold pricewas$1,451,397,3% below last m onth and down 10% toSeptem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 10% VS 2021
▼ 2% VS 2021
▲ 66% VS 2021
▼ 21% VS 2021
THISMONTH No. $1,451,397 $1,375,000 18% 88 484
PREVIOUSYEAR
PREVIOUSMONTH
No. 38% 112 292
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
-10% -2% -53% -21% 66%
$1,488,649 $1,350,000 17% 87 520
-3% 1.9% 9% 1.1% -7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,621,636 $1,410,050
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
514
578 577
520
484
1.83
1.76
1.71
386
423
1.51
1.49
294
1.42
273
292
223
202
168
160
10
166
87
12
130
123
19
88
105
92
81 76
$1.78M $1.82M $1.70M
$1.68M $1.63M
$1.64M $1.59M $1.53M $1.51M
$1.41M $1.50M
$1.35M $1.38M
Sep-21
Aug-22
Sep-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
90%
100
80
59%
60
33%
40
24%
18%
16%
20
9%
2%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+
S-L RATIO SALES INVENTORY
18 6 33%
2 0 n/a
10 9 90%
32 19 59%
78 19 24%
124 22 18%
55 5 9%
37 6 16%
128 2 2%
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