langley TOWNHOME-JUNE 2023
SALES TO LISTINGSRATIO 82% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 0.2% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.7% VS 2022
▼ 0.2% VS 2022
▼ 50% VS 2022
▲ 19% VS 2022
Therewere131 townhom elistingsin Langleyin June, 0.8% below M ayand 50% lowerthan June2022. Junetownhom esalesincreased by13% m onth-over-m onth,to108,and were19% aboveJune 2022. Thesales-to-listing ratio fortow nhom esin Langley,at 82% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$878,500,a 0.5% decreasefrom M ayand 0.2% below June2022. Theaveragesold pricewas$902,853,0.2% below last m onth;theaveragePSF salepricewas$575,up 2% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
82% 108 131
$576 $887,863 $880,000 35% 91 260
-0.2% 1.7% -0.2% 136% 19% -50%
$562 $904,865 $882,500 73% 96 132
2% -0.2% -0.5% 13% 13% -0.8%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$575 $902,853 $878,500
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 202 ● JUN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
260
253
194
212
155
166
132
17
131 108
13
108
104
19
91
102
68
95 96
53
38
61
58
51
37
33
$880K $825K
$841K $883K $879K
$790K $780K $770K $800K $738K
$777K $780K $810K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
60
16
100%
100%
98%
4+ bdrms
50
36
69%
40
69
58%
3 bdrms
64
30
20
22
2 bdrms
31
10
0
1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
3 3 100%
36 25 69%
59 58 98%
26 15 58%
7 7 100%
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