langley TOWNHOME-MARCH 202
SALESTO LISTINGSRATIO 97% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 36% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 35% VS2021
▲ 34% VS2021
▲ 10% VS2021
▼ 26% VS2021
Therewere140townhomelistingsinLangleyinMarch, 24%aboveFebruaryand10%higherthanMarch2021. Marchtownhomesalesincreasedby30% month-over-month,to136,andwere26%belowMarch 2021. Thesales-to-listingratiofortownhomesinLangley,at 97%,reflectedaselers'market. ThetownhomemedianpriceinMarchwas$950,000,a 3%decreasefromFebruaryand34%aboveMarch2021. Theaveragesoldpricewas$977,308,3%belowlast month;theaveragePSFsalepricewas$639,down3%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 184 127
%Change
No. 93% 105 113
%Change
TOTALLISTINGS TOTALSALES
97% 136 140
36% 35% 34% -33% -26% 10%
-3% -3% -3% 5% 30% 24%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$469 $725,025 $710,500 145%
$639 $977,308 $950,000
$660 $1,011,918 $975,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
184
178 184
155
167
140
139
148
136
18
13
10
127
125
15
92
106
105
102
74
95
82
70
50
21
$975K
$950K
$902K
$912K
$850K
$851K
$773K
$756K
$740K
$750K
$732K
$730K
$711K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
70
25
100%+ 100%+
100%
4+bdrms
35
60
50
71
3bdrms
40
69
46%
44%
30
40
20
2bdrms
36
10
0
<$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 0 n/a
28 13 46%
61 74 121%
29 40 138%
16 7 44%
2 2 100%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 24 ●
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