langley DETACHED-APRIL 202
SALESTO LISTINGSRATIO 31% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
SALES
TOTALLISTINGS
▲ 8% VS2021
▲ 18% VS2021
▼ 5% VS2021
▼ 51% VS2021
Therewere423detachedlistingsinLangleyinApril, 10%aboveMarchand5%lowerthanApril2021. Aprildetachedhomesalesdecreasedby35% month-over-month,to132,andwere51%belowApril 2021. Thesales-to-listingratiofordetachedinLangley,at31%, reflectedaselers'market.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 61% 270 444
%Change
No. 52% 202 386
%Change
TOTALLISTINGS TOTALSALES
31% 132 423
8% 18% -49% -51% -5%
-40% -35% 10%
ThedetachedmedianpriceinAprilwas$1,640,000,a3% decreasefromMarchand18%aboveApril2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,807,243,3%belowlast monthandup8%toApril2021.
$1,861,165 $1,698,557
-3% -3%
$1,807,243 $1,640,000
$1,679,601 $1,392,500
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
444
423
386
435
1.90
374
294
292
1.79
1.77
273
314
248
270
1.59
223
275
1.54
1.53
202
161
142
187
168
166
152
132
123
19
12
106
92
$1.82M
$1.78M
$1.70M
$1.68M
$1.63M
$1.64M
$1.50M
$1.41M
$1.41M
$1.39M
$1.40M
$1.35M
$1.33M
Apr-21
Mar-22
Apr-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
140
100%
120
85%
100
80
52%
51%
49%
60
32%
40
18%
20
9%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
13 11 85%
1 1 100%
23 12 52%
51 26 51%
137 44 32%
41 20 49%
39 7 18%
118 11 9%
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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