langley CONDO -AUGUST 2023
SALES TO LISTINGSRATIO 38% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 2% VS 2022
▲ 2% VS 2022
▲ 5% VS 2022
▲ 56% VS 2022
Therewere261 condolistingsin Langleyin August,8% aboveJulyand 5% higherthan August2022.
Augustcondosalesdecreased by4% m onth-over-m onth, to100,and were56% aboveAugust2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 43% 104 242
% Change
Thesales-to-listing ratio forcondosin Langley,at38% , reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
38% 100 261
$636 $586,441 $554,750 26% 64 248
48% 56% 5%
1.5% -2% -5% -11% -4% 8%
Thecondom edian pricein Augustwas$567,500,a5% decreasefrom Julyand 2% aboveAugust2022. Theaveragesold pricewas$599,676,2% below last m onth;theaveragePSF salepricewas$683,up 1.5% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$683 $599,676 $567,500
$672 $613,822 $597,250
7% 2% 2%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
297
31
274
250
242
261
230
248
235
222
220 220
197
136
131
131
86
100
106
104
64
62
60
57
55
48
$597K $568K
$555K $523K $538K
$556K $550K $543K
$506K $527K $540K $529K
$494K
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
1
80
9
3 bdrms
60
26
50%
33%
40
32%
65
2 bdrms
17%
171
20
0
26
<$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
3 1 33%
111 55 50%
117 38 32%
29 5 17%
0 1 n/a
1 0 n/a
63
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