langley DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 72% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 27% VS2020
▲ 42% VS2020
▼ 28% VS2020
▼ 6% VS2020
Therewere223detachedlistingsinLangleyin November,18%belowOctoberand28%lowerthan November2020. Novemberdetachedhomesalesincreasedby35% month-over-month,to161,andwere6%below November2020. Thesales-to-listingratiofordetachedinLangley,at72%, reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $1,675,000,a12%increasefromOctoberand42%above November2020. Theaveragesoldpricewas$1,922,973,14%abovelast monthandup27%toNovember2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 56% 172 308
%Change
No. 44% 119 273
%Change
TOTALLISTINGS TOTALSALES
72% 161 223
27% 42% 29% -6% -28%
14% 12% 66% 35% -18%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,689,557 $1,500,000
$1,922,973 $1,675,000
$1,512,339 $1,179,600
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
444
383
435
1.97
374
1.92
308
292
273
270
1.76
314
248
247
275
264
1.57
223
1.51
236
224
1.45
172
142
161
187
155
152
18
19
12
99
$1.68M
$1.50M
$1.41M
$1.41M
$1.39M
$1.40M
$1.35M
$1.34M $1.34M
$1.33M
$1.29M
$1.28M
$1.18M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
80
100%
100%
100%+ 100%+
87%
60
50%
40
47%
25%
20
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-LRATIO SALES INVENTORY
15 13 87%
2 2 100%
10 10 100%
20 30 150%
39 59 151%
34 17 50%
19 9 47%
84 21 25%
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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