langley CONDO - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 19% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.1% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 58% VS 2024
▼ 3% VS 2024
▼ 4% VS 2024
▼ 26% VS 2024
There were 415 condo listings in Langley in February, 12% above January and 58% higher than February 2024.
February condo sales increased by 5% month-over-month, to 78, and were 26% below February 2024.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 105 262
% Change
No.
% Change
The sales-to-listing ratio for condos in Langley, at 19%, re'ected a balanced market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$693 $568,334 $555,000 19% 78 415
-1.1% -3% -4% -53% -26% 58%
$671 $564,249 $546,750 20% 74 372
3% 0.7% 1.5% -6% 5% 12%
The condo median price in February was $555,000, a 1.5% increase from January and 4% below February 2024. The average sold price was $568,334, 0.7% above last month; the average PSF sale price was $693, up 3% to last month.
$700 $587,487 $580,000 40%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
413
458
445
385
415
381
404
341
372
354
332
262
286
103
104
100
105
78
100
98
96
86
86
85
74
74
$587K
$580K
$580K
$575K
$575K
$575K
$567K
$556K
$555K
$552K
$550K
$547K
$523K
LANGLEY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
140
120
4+ bdrms
2
100
5
80
56%
3 bdrms
36
60
25% 23%
40
47
2 bdrms
13%
11%
248
9%
20
0
26
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M+
<2 bdrms
S-L RATIO SALES INVENTORY
9 5 56%
80 10 13%
133 33 25%
98 23 23%
58 5 9%
18 2 11%
6 0 n/a
13 0 n/a
129
Copyright © 2025 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 10, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 25 ●
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