langley DETACHED -NOVEMBER 202
SALES TO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY Therewere431 detached listingsin Langleyin N ovem ber,7% below O ctoberand 93% higherthan N ovem ber2021. N ovem berdetached hom esalesincreased by4% m onth-over-m onth,to79,and were51% below N ovem ber2021. Thesales-to-listing ratio fordetached in Langley,at18% , reflected abalanced m arket. Thedetached m edian pricein N ovem berwas $1,299,800,a6% decreasefrom O ctoberand 22% below N ovem ber2021. Theaveragesold pricewas$1,380,485,16% below last m onth and down 28% toN ovem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 28% VS 2021
▼ 22% VS 2021
▲ 93% VS 2021
▼ 51% VS 2021
THISMONTH No. $1,380,485 $1,299,800 18% 79 431
PREVIOUSYEAR
PREVIOUSMONTH
No. 72% 160 223
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
-28% -22% -74% -51% 93%
$1,643,309 $1,390,000 16% 76 461
-16% -6% 11% 4% -7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,926,554 $1,675,250
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
514 578 577
461
520
1.97
484
431
386
1.81
423
1.621.62
294
1.45
1.43
202
223 160
168
10
166
87 88
130
123
79
105
91
81
76
76
$1.78M $1.82M $1.70M
$1.68M $1.63M
$1.64M $1.59M $1.53M $1.51M
$1.35M $1.38M $1.39M $1.30M
Nov-21
Oct-22
Nov-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
120
100%+
100
80
60
50%
38%
35%
32%
40
16%
13%
20
6%
2%
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-L RATIO SALES INVENTORY
28 9 32%
2 1 50%
7 10 143%
40 14 35%
56 21 38%
99 13 13%
44 7 16%
36 2 6%
119 2 2%
Copyright© Decem ber5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofDecem ber5,202 .Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
23
Made with FlippingBook - professional solution for displaying marketing and sales documents online