langley TOWNHOME-FEBRUARY 202
SALESTO LISTINGSRATIO 93% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 49% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 49% VS2021
▲ 50% VS2021
▼ 6% VS2021
▼ 49% VS2021
Therewere113townhomelistingsinLangleyin February,53%aboveJanuaryand6%lowerthanFebruary 2021. Februarytownhomesalesincreasedby110% month-over-month,to105,andwere49%below February2021. Thesales-to-listingratiofortownhomesinLangley,at 93%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas$975,000,a 7%increasefromJanuaryand50%aboveFebruary2021. Theaveragesoldpricewas$1,011,918,8%abovelast month;theaveragePSFsalepricewas$660,up6%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 206 120
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
93% 105 113
49% 49% 50% -46% -49% -6%
50 74
6% 8% 7% 38% 110% 53%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$443 $679,950 $650,000 172%
$624 $933,305 $911,500 68%
$660 $1,011,918 $975,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
206
184
183
184
155
178
167
139
148
18
13
10
120
127
125
92
105
15
106
102
74
95
82
70
50
21
$975K
$902K
$912K
$850K
$851K
$773K
$756K
$740K
$750K
$732K
$730K
$711K
$650K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
60
18
100%+
100%
100%+
50
4+bdrms
27
78%
40
54
3bdrms
30
56
50%
20
33
2bdrms
20%
10
30
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
5 1 20%
26 13 50%
55 43 78%
15 34 227%
10 10 100%
2 4 200%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 24 ●
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