langley CONDO -NOVEMBER 202
SALES TO LISTINGSRATIO 32% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere273 condolistingsin Langleyin N ovem ber, 12% below O ctoberand 131% higherthan N ovem ber 2021. N ovem bercondosalesincreased by39% m onth-over-m onth,to86,and were37% below N ovem ber2021. Thesales-to-listing ratio forcondosin Langley,at32% , reflected aselers'm arket. Thecondom edian pricein N ovem berwas$494,200,a 8% decreasefrom O ctoberand 16% below N ovem ber 2021. Theaveragesold pricewas$535,869,4% below last m onth;theaveragePSF salepricewas$653,up 7% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2021
▼ 16% VS 2021
▲ 131% VS 2021
▼ 37% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 137 118
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$653 $535,869 $494,200 32% 86 273
-16% -73% -37% 131%
$611 $560,765 $537,500 20% 62 311
58% 39% -12%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$622 $578,343 $588,750 116%
7% -4% -8%
5% -7%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2021 ● NOV 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
297
31
290
273
265
248
244
189
209
169
190
137
120
10
18
96
91
120
109
86
91
91
64
60 62
57
$606K $610K $615K $581K $583K
$589K $555K
$565K $550K $555K
$523K $538K
$494K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
100%+
100%+
150
4+ bdrms
3
100
3 bdrms
23
33%
50
27%
43
2 bdrms
17%
182
0
40
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
9 12 133%
166 54 33%
86 15 17%
11 3 27%
1 2 200%
68
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