langley CONDO-FEBRUARY 202
SALESTO LISTINGSRATIO 64% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 42% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 40% VS2021
▲ 32% VS2021
▼ 44% VS2021
▼ 37% VS2021
Therewere169condolistingsinLangleyinFebruary, 86%aboveJanuaryand44%lowerthanFebruary2021. Februarycondosalesincreasedby14% month-over-month,to109,andwere37%below February2021. Thesales-to-listingratioforcondosinLangley,at64%, reflectedaselers'market. ThecondomedianpriceinFebruarywas$609,888,a 0.7%increasefromJanuaryand32%aboveFebruary 2021. Theaveragesoldpricewas$640,364,4%abovelast month;theaveragePSFsalepricewas$741,up11%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 57% 172 302
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
64% 109 169
42% 40% 32% 13% -37% -44%
96 91
11% 4% 0.7% -39% 14% 86%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$665 $617,811 $605,500 105%
$741 $640,364 $609,888
$523 $458,078 $463,450
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
325
344
334
287
302
300
203
196
170
169
162
202
172
137
120
160
147
145
96
109
128
127
121
18
91
57
$610K
$606K
$589K
$555K
$540K
$510K
$500K
$479K
$472K
$470K
$471K
$463K
$455K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100%+
80
4+bdrms
60
66%
11 10
58%
3bdrms
40
57
2bdrms
20
14%
106
0
42
<$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
7 1 14%
86 50 58%
70 46 66%
1 10 1000%
4 0 n/a
1 0 n/a
0 2 n/a
52
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 25 ●
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