langley DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 42% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2021
▲ 36% VS2021
▲ 11% VS2021
▼ 21% VS2021
Therewere294detachedlistingsinLangleyinFebruary, 77%aboveJanuaryand11%higherthanFebruary2021. Februarydetachedhomesalesincreasedby34% month-over-month,to123,andwere21%below February2021. Thesales-to-listingratiofordetachedinLangley,at42%, reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$1,821,000, a3%increasefromJanuaryand36%aboveFebruary 2021. Theaveragesoldpricewas$2,093,965,0.5%abovelast monthandup28%toFebruary2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 59% 155 264
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
42% 123 294
28% 36% -29% -21% 11%
$2,084,222 $1,775,000 55% 92 166
0.5% 3% -25% 34% 77%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,093,965 $1,821,000
$1,630,441 $1,340,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
444
383
435
2.06
374
294
1.95
292
273
1.87
270
314
248
247
223
275
264
1.60
161
1.51
142
187
1.40
168 166
155
152
123
19
12
106
92
$1.82M
$1.78M
$1.68M
$1.63M
$1.50M
$1.41M
$1.41M
$1.39M
$1.40M
$1.34M $1.34M
$1.35M
$1.33M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
80
88%
60
40
46%
41%
31%
20
21%
15%
14%
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-LRATIO SALES INVENTORY
13 4 31%
0 1 n/a
7 1 14%
13 0 n/a
41 6 15%
76 67 88%
39 16 41%
24 11 46%
81 17 21%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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