langley TOWNHOME-APRIL 202
SALESTO LISTINGSRATIO 55% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 24% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 27% VS2021
▲ 26% VS2021
- VS2021
▼ 46% VS2021
Therewere178townhomelistingsinLangleyinApril, 27%aboveMarchandnochangetoApril2021. Apriltownhomesalesdecreasedby28% month-over-month,to98,andwere46%belowApril 2021. Thesales-to-listingratiofortownhomesinLangley,at 55%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$925,000,a3% decreasefromMarchand26%aboveApril2021. Theaveragesoldpricewas$953,428,2%belowlast month;theaveragePSFsalepricewas$602,down6%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 183 178
%Change
No. 97% 136 140
%Change
TOTALLISTINGS TOTALSALES
$602 $953,428 $925,000 55% 98 178
24% 27% 26% -46% -46% 0%
-43% -28% 27%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$485 $749,805 $732,000 103%
$639 $977,308 $950,000
-6% -2% -3%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
183
178
184
178
155
167
140
139
148
18 10
136
13
125
15
92
106
105
102
98
74
95
82
70
50
21
$975K
$950K
$925K
$902K
$912K
$850K
$851K
$773K
$756K
$740K
$750K
$732K
$730K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
18
4+bdrms
80
44
70%
60
52
58%
3bdrms
53% 52%
93
40
33%
28
25%
2bdrms
20
41
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
4 1 25%
32 17 53%
94 49 52%
33 23 70%
12 7 58%
3 1 33%
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 24 ●
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