langley DETACHED -AUGUST 2023
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2022
▲ 9% VS 2022
▼ 3% VS 2022
▲ 28% VS 2022
Therewere506 detached listingsin Langleyin August, 3% aboveJulyand 3% lowerthan August2022. Augustdetached hom esalesincreased by7% m onth-over-m onth,to110,and were28% aboveAugust 2022. Thesales-to-listing ratio fordetached in Langley,at22% , reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 21% 103 489
% Change
TOTALLISTINGS TOTALSALES
22% 110 506
$1,476,890 $1,350,000 17% 86 520
31% 28% -3%
3% 7% 3%
Thedetachedm edian pricein Augustwas$1,475,000,a 4% decreasefrom Julyand 9% aboveAugust2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,571,425,8% below last m onth and up 6% toAugust2022.
$1,713,960 $1,535,000
-8% -4%
$1,571,425 $1,475,000
6% 9%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
520
489
506
461
452
431
484
464
1.80
1.75
1.71
344
340
327
1.49
321
312
1.43
1.42
199
129
88
79
10
138
86
18
103
76
70
61
56
$1.55M $1.54M $1.53M $1.54M $1.48M
$1.35M $1.38M $1.39M $1.30M $1.33M $1.32M $1.38M $1.38M
22-Aug
23-Jul 23-Aug
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
82%
78%
100
80
60
40%
29%
40
24%
15%
20
6%
5%
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 14 78%
5 2 40%
22 18 82%
79 23 29%
137 33 24%
62 9 15%
57 3 5%
126 8 6%
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