langford TOWNHOME-OCTOBER 2 0 2 3
MONTHS OF INVENTORY 8.6 BUYERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 14% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▲ 9% VS 2022
▲ 10% VS 2022
▼ 54% VS 2022
Therewere95 townhom elistingsin Langford in O ctober, 13% aboveSeptem berand 10% higherthan O ctober 2022. O ctobertownhom esalesdecreased by15% m onth-over-m onth,to 11,and were54% below O ctober 2022. Them onthsofinventory fortownhom esin Langford,at 8.6,reflected abuyers'm arket. Thetownhom em edian pricein Octoberwas$715,000,a 2% decreasefrom Septem berand 9% aboveO ctober 2022. Theaveragesold pricewas$708,815,0.9% below last m onth;theaveragePSF salepricewas$487,up 4% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
11 95
24 86
-14% 4% 9% 141% -54% 10%
13 84
4% -0.9% -2% 34% -15% 13%
$487 $708,815 $715,000 8.6
$568 $682,279 $657,500 358%
$470 $714,899 $732,000 6.5
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
24
95
88
86
84
84
86
21
72
75
20
70
70 70 70
58
29
27
25
24
24
18
18
21
7
19
1
13
10
$855K
$775K $749K $745K $732K $715K
$743K
$711K $748K $735K $750K $740K
$658K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
35
1
20.0
4+ bdrms
30
29
25
9
3 bdrms
20
57
15
7.0
1
10
2 bdrms
9
3.0 2.8
5
0
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 1 3 3.0 4 11 2.8 5 35 7.0 1 20 20.0 0 8 n/a 0 16 n/a 0 2 n/a
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