langley TOWNHOME-AUGUST 2023
SALES TO LISTINGSRATIO 57% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 10% VS 2022
▲ 7% VS 2022
▼ 35% VS 2022
▲ 16% VS 2022
Therewere138 townhom elistingsin Langleyin August, 8% below Julyand 35% lowerthan August2022. Augusttownhom esalesdecreased by7% m onth-over-m onth,to79,and were16% aboveAugust 2022. Thesales-to-listing ratio fortow nhom esin Langley,at 57% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$845,000,a 0.9% decreasefrom Julyand 7% aboveAugust2022. Theaveragesold pricewas$868,273,1.1% abovelast m onth;theaveragePSF salepricewas$565,down 2% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$565 $868,273 $845,000 57% 79 138
$530 $786,760 $790,000 32% 68 212
7% 10% 7% 78% 16% -35%
$577 $858,833 $852,500 57% 85 150
-7% -8%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-2% 1.1% -0.9% 1%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
212
194
155
150
166
132 131
138
17
13
108
104
19
108
102
96
95
79
85
68
53
38
58
51
37
33
$883K $879K $853K $845K
$810K $841K
$790K $780K $770K $800K $738K $777K $780K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
70
9
100%+
60
4+ bdrms
93%
43
50
46
40
60%
58%
3 bdrms
63
30
24
20
24%
2 bdrms
14%
32
10
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
5 3 60%
30 28 93%
66 38 58%
29 7 24%
7 1 14%
1 2 200%
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