langley TOWNHOME - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 32% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 0.1% VS 2023
▲ 67% VS 2023
▲ 47% VS 2023
There were 242 townhome listings in Langley in September, 4% below August and 67% higher than September 2023. September townhome sales increased by 22% month-over-month, to 78, and were 47% above September 2023. The sales-to-listing ratio for townhomes in Langley, at 32%, re'ected a sellers' market. The townhome median price in September was $865,950, a 3% increase from August and 0.1% above September 2023. The average sold price was $883,930, 3% above last month; the average PSF sale price was $584, up 4% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$584 $883,930 $865,950 32% 78 242
$557 $854,468 $865,000 37% 53 145
0.1% -12% 47% 67%
$562 $861,950 $840,000 25% 64 251
26% 22% -4%
4% 3% 3%
5% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
258
242
252
251
246
196
154
154
145
145
156
109
106
132
122
90
78
59
58
87
86
53
64
64
46
38
$890K
$876K
$880K
$878K
$865K
$871K
$868K
$873K
$873K
$866K
$853K
$845K
$840K
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
120
18
4+ bdrms
65
100
80
39
3 bdrms
111
60
34% 35%
30%
40
21
22%
2 bdrms
65
20
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
1
S-L RATIO SALES INVENTORY
6 0 n/a
61 21 34%
126 44 35%
37 11 30%
9 2 22%
2 0 n/a
1 0 n/a
Copyright © 2024 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 October 9, 2024. 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. 24 ●
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