langford CONDO -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 6.0 BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 11% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 11% VS 2022
▼ 6% VS 2022
▲ 34% VS 2022
▲ 21% VS 2022
Therewere102 condolistingsin Langford in O ctober, 5% below Septem berand 34% higherthan October2022.
O ctobercondosalesdecreased by6% m onth-over-m onth, to17,and were21% aboveOctober2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Them onthsofinventory forcondosin Langford,at6.0, reflected abalanced m arket.
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$568 $491,282 $524,900 6.0 17 102
14 76
-11% -11% -6% 11% 21% 34%
$624 $497,456 $523,700 5.9 18 107
-6% -5%
Thecondom edian pricein Octoberwas$524,900,a0.2% increasefrom Septem berand 6% below O ctober2022. Theaveragesold pricewas$491,282,1.2% below last m onth;theaveragePSF salepricewas$568,down 9% to lastm onth.
$640 $553,850 $560,000 543%
-9% -1.2% 0.2% 0.9%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
37
107
102
91
90
84
82
76
89
84
59
53
64
39
22
33
21
26
39
20
18
17
14
19
18
16
16
15
14
$585K $570K
$560K
$535K $550K
$525K
$489K $515K $524K $525K
$488K $477K
$485K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
50
20.0
4+ bdrms
40
30
3 bdrms
12
20
12
2 bdrms
10
62
3.4
2.0
0
5
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 1 2 2.0 0 3 n/a 14 47 3.4 2 40 20.0 0 8 n/a 0 2 n/a
<2 bdrms
28
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