langley CONDO -SEPTEMBER 202
SALES TO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 6% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2021
▲ 2% VS 2021
▲ 46% VS 2021
▼ 50% VS 2021
Therewere297 condolistingsin Langleyin Septem ber, 20% aboveAugustand 46% higherthan Septem ber2021. Septem bercondo salesdecreased by 6% m onth-over-m onth,to60,and were50% below Septem ber2021. Thesales-to-listing ratio forcondosin Langley,at20% , reflected abalanced m arket. Thecondom edian pricein Septem berwas$522,500,a 6% decreasefrom Augustand 2% aboveSeptem ber2021. Theaveragesold pricewas$556,150,5% below last m onth;theaveragePSF salepricewas$610,down 4% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 60% 121 203
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$610 $556,150 $522,500 20% 60 297
-66% -50% 46%
$636 $586,441 $554,750 26% 64 248
-4% -5% -6% -22% -6% 20%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$573 $525,214 $510,000
6% 6% 2%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
290
297
265
248
244
203
189
209
169
162
190
137
120
10
121
96
128
91
120
18
109
91
91
60
64
57
$606K $610K $615K
$589K $555K
$581K $583K $565K
$550K $555K $523K
$510K $540K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
100%
150
4+ bdrms
6
100
3 bdrms
56%
24
50
35
24%
2 bdrms
186
11% 13%
0
19
<$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
9 5 56%
165 39 24%
105 12 11%
16 2 13%
2 2 100%
87
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