langley DETACHED - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 15% VS 2023
▲ 31% VS 2023
▲ 15% VS 2023
▲ 63% VS 2023
There were 473 detached listings in Langley in December, 21% below November and 15% higher than December 2023. December detached home sales increased by 8% month-over-month, to 83, and were 63% above December 2023. The sales-to-listing ratio for detached in Langley, at 18%, reflected a balanced market. The detached median price in December was $1,735,000, a 8% increase from November and 31% above December 2023. The average sold price was $2,030,821, 16% above last month and up 15% to December 2023.
THIS MONTH No. $2,030,821 $1,735,000 18% 83 473
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change 15% 31% 41% 63% 15%
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,765,917 $1,327,500 12% 51 410
$1,748,865 $1,600,000 13% 77 600
16% 8% 37% 8% -21%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
660
700
616
689
600
665
644
555
2.08
1.82
473
458
410
386
1.59
358
1.53
1.51 1.56
142
97
92
91
87
83
118
103
51
91
86
83
77
$1.74M
$1.60M
$1.55M $1.62M $1.55M $1.59M $1.60M $1.55M $1.56M $1.60M $1.59M
$1.46M
$1.33M
23-Dec
24-Nov
24-Dec
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
120
100
73%
80
60
40
22%
22%
20%
19%
18%
17%
9%
20
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
9 2 22%
15 11 73%
86 16 19%
126 21 17%
61 11 18%
46 10 22%
44 9 20%
32 3 9%
17 0 n/a
37 0 n/a
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 January 13, 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. 23 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online