langley CONDO -JUNE 2023
SALES TO LISTINGSRATIO 60% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 0.9% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.9% VS 2022
▼ 4% VS 2022
▼ 24% VS 2022
▲ 46% VS 2022
Therewere220 condolistingsin Langleyin June,no changetoM ayand 24% lowerthan June2022.
Junecondo salesdecreased by4% m onth-over-m onth,to 131,and were46% aboveJune2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 62% 136 220
% Change
Thesales-to-listing ratio forcondosin Langley,at60% , reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
60% 131 220
$689 $579,719 $563,750 31% 90 290
0.9% -1.9% -4% 92% 46% -24%
-4% -4% 0%
Thecondom edian pricein Junewas$543,000,a1.3% decreasefrom M ayand 4% below June2022. Theaveragesold pricewas$568,830,0.2% below last m onth;theaveragePSF salepricewas$696,up 3% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$696 $568,830 $543,000
$675 $570,148 $550,000
3% -0.2% -1.3%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 202 ● JUN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
297
31
274
290
250
230
265
248
220
235
222
220
197
136
131
131
91
86
90
106
64
62
60
57
55
48
$564K $550K $555K
$556K $550K $543K
$523K $538K
$506K $527K $540K $529K
$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%
4+ bdrms
1
80
86%
60
3
3 bdrms
25
45%
40
33%
80
2 bdrms
20
142
13%
0
48
<$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
3 3 100%
97 83 86%
91 41 45%
24 3 13%
3 1 33%
2 0 n/a
52
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