langley TOWNHOME-OCTOBER 2021
SALESTO LISTINGSRATIO 134% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 32% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 35% VS2020
▲ 38% VS2020
▼ 61% VS2020
▼ 17% VS2020
Therewere82townhomelistingsinLangleyinOctober, 20%belowSeptemberand61%lowerthanOctober2020. Octobertownhomesalesdecreasedby8% month-over-month,to110,andwere17%belowOctober 2020. Thesales-to-listingratiofortownhomesinLangley,at 134%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$850,096,a 10%increasefromSeptemberand38%aboveOctober 2020. Theaveragesoldpricewas$848,861,8%abovelast month;theaveragePSFsalepricewas$527,up3%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 63% 132 211
%Change
No. 119 102
%Change
TOTALLISTINGS TOTALSALES
$527 $848,861 $850,096 134% 110 82
114% -17% -61%
10% 15% -8% -20%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$511 $784,950 $770,000 117%
$399 $629,162 $614,950
32% 35% 38%
3% 8%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
206
21
187
184
183
184
155
155
178
167
139
148
132
19
19
144
127
125
10
120
106 15
101
102
96
82
$850K
$770K
$756K
$750K
$740K
$732K
$730K
$711K
$650K
$650K
$633K
$615K
$615K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
50
32
100%+ 100%+ 100%+
100%
4+bdrms
21
40
67%
47
30
3bdrms
44
20
31
2bdrms
10
17
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
1 0 n/a
7 8 114%
26 38 146%
31 52 168%
12 8 67%
4 4 100%
1 0 n/a
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 24 ●
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