langley TOWNHOME - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 56% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 8% VS 2023
▲ 5% VS 2023
▲ 88% VS 2023
▲ 15% VS 2023
There were 195 townhome listings in Langley in April, 25% above March and 88% higher than April 2023. April townhome sales increased by 21% month-over-month, to 109, and were 15% above April 2023. The sales-to-listing ratio for townhomes in Langley, at 56%, reflected a sellers' market. The townhome median price in April was $880,000, a 1.1% decrease from March and 5% above April 2023. The average sold price was $913,600, 0.5% above last month; the average PSF sale price was $578, up 1.3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
109 195
$551 $848,486 $841,000 91% 95 104
5% 8% 5% -39% 15% 88%
$571 $909,267 $889,500 58% 90 156
21% 25%
$578 $913,600 $880,000 56%
1.3% 0.5% -1.1% -3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
195
154
154
150
145
132
156
145
138
132
131 108
122
109
104
90
79
96
95
85
59
58
64
53
46
38
$890K
$883K
$879K
$876K
$880K
$865K
$871K
$868K
$853K
$853K
$841K
$845K
$845K
LANGLEY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
26
80
4+ bdrms
53
67%
60
62%
52
3 bdrms
52%
50%
101
40
31
2 bdrms
14%
20
41
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
7 1 14%
52 27 52%
90 56 62%
36 18 50%
9 6 67%
0 1 n/a
1 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of May 8, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 24 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online