langley DETACHED-MARCH 202
SALESTO LISTINGSRATIO 52% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 19% VS2021
▲ 27% VS2021
▲ 0.7% VS2021
▼ 18% VS2021
Therewere386detachedlistingsinLangleyinMarch, 31%aboveFebruaryand0.8%higherthanMarch2021. Marchdetachedhomesalesincreasedby64% month-over-month,to202,andwere18%belowMarch 2021. Thesales-to-listingratiofordetachedinLangley,at52%, reflectedaselers'market.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 64% 247 383
%Change
%Change
No. 42% 123 294
TOTALLISTINGS TOTALSALES
52% 202 386
19% 27% -19% -18% 0.8%
-11% -7% 25% 64% 31%
ThedetachedmedianpriceinMarchwas$1,698,557,a 7%decreasefromFebruaryand27%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,093,965 $1,821,000
Theaveragesoldpricewas$1,861,165,11%belowlast monthandup19%toMarch2021.
$1,861,165 $1,698,557
$1,564,456 $1,340,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
444
386
435
1.89
383
1.87
374
294
1.79
292
273
270
314
248
1.60
223
275
1.56
247
1.54
202
161
142
187
168 166
152
123
12 19
106
92
$1.70M $1.82M
$1.78M
$1.68M
$1.63M
$1.50M
$1.41M
$1.41M
$1.39M
$1.40M
$1.34M
$1.35M
$1.33M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100
86%
84%
80%
80
71%
67%
60
53%
40
31%
20
13%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
15 12 80%
3 2 67%
17 12 71%
43 37 86%
105 88 84%
65 20 31%
32 17 53%
106 14 13%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
23
Made with FlippingBook - professional solution for displaying marketing and sales documents online