langley TOWNHOME - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 26% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 0.7% VS 2023
▲ 44% VS 2023
▲ 20% VS 2023
There were 209 townhome listings in Langley in November, 7% below October and 44% higher than November 2023. November townhome sales decreased by 35% month-over-month, to 55, and were 20% above November 2023. The sales-to-listing ratio for townhomes in Langley, at 26%, reflected a sellers' market. The townhome median price in November was $877,000, a 6% increase from October and 0.7% above November 2023. The average sold price was $903,072, 4% above last month; the average PSF sale price was $587, up 3% 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
$587 $903,072 $877,000 26% 55 209
$564 $854,824 $871,000 32% 46 145
0.7% -17% 20% 44%
$572 $864,510 $831,150 38% 84 224
-30% -35% -7%
3% 4% 6%
4% 6%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
241
258
252
250
246
209
224
196
154
145
156 90
109
106
132
122
84
76
58
87
86
55
64
64
46
38
$890K
$876K
$880K
$878K
$877K
$871K
$868K
$873K
$873K
$866K
$853K
$840K
$831K
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
10
100
4+ bdrms
62
80
28
3 bdrms
60
97
33%
33%
40
30%
27%
17
2 bdrms
16%
50
20
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
6 2 33%
47 14 30%
109 29 27%
37 6 16%
9 3 33%
0 1 n/a
1 0 n/a
Copyright © 2024 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 December 9, 2024. 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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