langley CONDO-NOVEMBER 2021
SALESTO LISTINGSRATIO 117% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 39% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 38% VS2020
▲ 45% VS2020
▼ 67% VS2020
▲ 11% VS2020
Therewere117condolistingsinLangleyinNovember, 28%belowOctoberand67%lowerthanNovember2020. Novembercondosalesincreasedby7% month-over-month,to137,andwere11%above November2020. Thesales-to-listingratioforcondosinLangley,at117%, reflectedaselers'market. ThecondomedianpriceinNovemberwas$588,750,a 9%increasefromOctoberand45%aboveNovember 2020. Theaveragesoldpricewas$578,350,4%abovelast month;theaveragePSFsalepricewas$622,up2%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 35% 123 352
%Change
No. 79% 128 162
%Change
TOTALLISTINGS TOTALSALES
137 117
39% 38% 45% 235% 11% -67%
2% 4% 9% 48% 7% -28%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$622 $578,350 $588,750 117%
$609 $556,632 $540,000
$448 $419,055 $406,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
334
352
325
301 302
344
287
300
271
203
202
196
172
170
162
160
137
147
123
145
17
127
128
121
101
97
$589K
$540K
$510K
$500K
$479K
$472K
$470K
$471K
$463K
$455K
$429K
$420K
$406K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
70
100%+
60
95%
4+bdrms
92%
50
67%
16 16
40
3bdrms
30
20
85
2bdrms
72
10
0
36
<$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
12 11 92%
66 63 95%
32 58 181%
6 4 67%
0 1 n/a
1 0 n/a
29
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 25 ●
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