langley TOWNHOME-NOVEMBER 2021
SALESTO LISTINGSRATIO 134% SELLERS'MARKET
▶ MARKETSUMMARY Therewere71townhomelistingsinLangleyin November,13%belowOctoberand62%lowerthan November2020. Novembertownhomesalesdecreasedby14% month-over-month,to95,andwere20%below November2020. Thesales-to-listingratiofortownhomesinLangley,at 134%,reflectedaselers'market. ThetownhomemedianpriceinNovemberwas$851,000, a0.1%increasefromOctoberand38%aboveNovember 2020. Theaveragesoldpricewas$877,208,3%abovelast month;theaveragePSFsalepricewas$551,up5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 37% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 42% VS2020
▲ 38% VS2020
▼ 62% VS2020
▼ 20% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 64% 119 187
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
95 71
110% -20% -62%
$527 $848,861 $850,096 134% 110 82
5% 3% 0.1% -0.3% -14% -13%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$551 $877,208 $851,000 134%
$401 $616,906 $614,900
37% 42% 38%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
206
187
184
183
184
155
155
178
167
139
148
19
144
10
19
127
125
120
15
71 95
106
101
102
96
82
$850K
$851K
$770K
$756K
$750K
$740K
$732K
$730K
$711K
$650K
$650K
$633K
$615K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
60
20
100%+
100%+ 100%+
95%
50
4+bdrms
19
40
67%
56
3bdrms
30
36
20
19
2bdrms
16
10
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
1 0 n/a
3 4 133%
21 20 95%
32 56 175%
10 13 130%
3 2 67%
1 0 n/a
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 24 ●
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