langley CONDO-APRIL 202
SALESTO LISTINGSRATIO 57% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 31% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 24% VS2021
▲ 21% VS2021
▼ 37% VS2021
▼ 18% VS2021
Therewere209condolistingsinLangleyinApril,11% aboveMarchand37%lowerthanApril2021.
Aprilcondosalesdecreasedby37%month-over-month, to120,andwere18%belowApril2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 44% 147 334
%Change
No. 190 189
%Change
Thesales-to-listingratioforcondosinLangley,at57%, reflectedaselers'market.
TOTALLISTINGS TOTALSALES
57% 120 209
31% 24% 21% 30% -18% -37%
-0.7% -4% -5% -43% -37% 11%
ThecondomedianpriceinAprilwas$581,250,a5% decreasefromMarchand21%aboveApril2021. Theaveragesoldpricewas$606,790,4%belowlast month;theaveragePSFsalepricewas$705,down0.7% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$710 $632,061 $615,000 101%
$705 $606,790 $581,250
$538 $487,801 $479,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
325
334
344
287
203
189
209
170
169
162
202
190
137
147
120
160
145
96
128
127
121
120
18
109
91
57
$615K
$606K
$610K
$589K
$581K
$555K
$540K
$510K
$500K
$479K
$472K
$470K
$471K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
4+bdrms
80
77%
75%
69%
67%
11
60
3bdrms
20
42%
40
65
2bdrms
20
138
0
44
<$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 3 75%
99 68 69%
88 37 42%
13 10 77%
3 2 67%
2 0 n/a
51
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 25 ●
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