langley TOWNHOME - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 35% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.1% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 34% VS 2023
▲ 50% VS 2023
▼ 4% VS 2023
▼ 5% VS 2023
There were 164 townhome listings in Langley in December, 21% below November and 34% higher than December 2023. December townhome sales increased by 4% month-over-month, to 57, and were 50% above December 2023. The sales-to-listing ratio for townhomes in Langley, at 35%, reflected a sellers' market. The townhome median price in December was $835,000, a 5% decrease from November and 5% below December 2023. The average sold price was $843,351, 7% below last month; the average PSF sale price was $551, down 6% 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
$551 $843,351 $835,000 35% 57 164
$550 $874,953 $876,250 31% 38 122
0.1% -4% -5% 12% 50% 34%
$587 $903,072 $877,000 26% 55 208
-6% -7% -5% 31% 4% -21%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
241
258
252
250
246
208
224
196
154
164
90 156
109
122
106
132
84
76
58
87
86
57
64
64
55
38
$890K
$876K
$880K
$878K
$877K
$868K
$873K
$873K
$866K
$853K
$840K
$831K
$835K
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
80
11
4+ bdrms
48
60
67%
29
56%
3 bdrms
83
40
33%
17
24%
2 bdrms
20
33
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+
S-L RATIO SALES INVENTORY
3 2 67%
36 20 56%
83 27 33%
34 8 24%
7 0 n/a
1 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. 24 ●
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