langley CONDO - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 52% VS 2023
▲ 3% VS 2023
▼ 0.8% VS 2023
▼ 6% VS 2023
There were 332 condo listings in Langley in December, 20% below November and 52% higher than December 2023. December condo sales decreased by 12% month-over-month, to 75, and were 3% above December 2023. The sales-to-listing ratio for condos in Langley, at 23%, reflected a sellers' market. The condo median price in December was $525,000, a 9% decrease from November and 6% below December 2023. The average sold price was $549,705, 6% below last month; the average PSF sale price was $642, down 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
$642 $549,705 $525,000 23% 75 332
$688 $554,193 $560,000 33% 73 219
-7% -0.8% -6% -32% 3% 52%
$668 $587,386 $575,000 21% 85 413
-4% -6% -9% 10% -12% -20%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
413
458
445
385
381
404
341
354
332
243
286
262
219
105
103
104
100
75
73
100
98
96
86
86
85
67
$587K
$580K
$580K
$570K
$575K
$575K
$575K
$567K
$560K
$556K
$552K
$550K
$525K
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
100%
100
4+ bdrms
1
80
4
3 bdrms
60
47%
33
40
48
21% 19%
19%
2 bdrms
20
193
9%
0
23
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M+
<2 bdrms
S-L RATIO SALES INVENTORY
5 5 100%
53 25 47%
112 23 21%
74 14 19%
58 5 9%
16 3 19%
6 0 n/a
8 0 n/a
105
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. 25 ●
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