langley CONDO-MARCH 202
SALESTO LISTINGSRATIO 101% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 33% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 37% VS2021
▲ 35% VS2021
▼ 37% VS2021
▼ 3% VS2021
Therewere189condolistingsinLangleyinMarch,12% aboveFebruaryand37%lowerthanMarch2021.
Marchcondosalesincreasedby74%month-over-month, to190,andwere3%belowMarch2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 65% 196 300
%Change
No. 64% 109 169
%Change
Thesales-to-listingratioforcondosinLangley,at101%, reflectedaselers'market.
TOTALLISTINGS TOTALSALES
190 189
33% 37% 35% 54% -3% -37%
56% 74% 12%
ThecondomedianpriceinMarchwas$615,000,a0.8% increasefromFebruaryand35%aboveMarch2021. Theaveragesoldpricewas$632,242,1.3%belowlast month;theaveragePSFsalepricewas$710,down4%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$710 $632,242 $615,000 101%
$741 $640,364 $609,888
-4% -1.3% 0.8%
$535 $462,702 $455,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
325
344
334
287
300
203
196
190
170
169
189
162
202
137
120
160
147
145
96
128
127
121
18
109
91
57
$615K
$606K
$610K
$589K
$555K
$540K
$510K
$500K
$479K
$472K
$470K
$471K
$455K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
100%+ 100%+ 100%
4+bdrms
80
89%
60
13
3bdrms
16
40
29%
127
2bdrms
20
115
0
50
<$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
7 2 29%
93 83 89%
77 87 113%
9 13 144%
3 3 100%
0 2 n/a
58
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 25 ●
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