langley DETACHED-JANUARY 202
SALESTO LISTINGSRATIO 55% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 16% VS2021
▲ 39% VS2021
▼ 30% VS2021
▼ 7% VS2021
Therewere166detachedlistingsinLangleyinJanuary, 1.2%belowDecemberand30%lowerthanJanuary2021. Januarydetachedhomesalesdecreasedby13% month-over-month,to92,andwere7%belowJanuary 2021. Thesales-to-listingratiofordetachedinLangley,at55%, reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$1,775,000,a 9%increasefromDecemberand39%aboveJanuary 2021. Theaveragesoldpricewas$2,084,222,1.2%belowlast monthandup16%toJanuary2021.
THISMONTH No. $2,084,222 $1,775,000 55% 92 166
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 63% 106 168
%Change
TOTALLISTINGS TOTALSALES
$1,799,648 $1,280,000 42% 99 236
16% 39% 32% -7% -30%
-1.2% 9% -12% -13% -1.2%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,109,285 $1,630,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
444
383
435
1.97
1.95
374
292
1.81
273
270
314
248
247
223
1.63
275
236
264
1.52
1.51
161
142
166
187
168
155
152
99
92
19
12
106
$1.78M
$1.68M
$1.63M
$1.50M
$1.41M
$1.41M
$1.39M
$1.40M
$1.35M
$1.34M $1.34M
$1.33M
$1.28M
Jan-21
Dec-21
Jan-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
70
100%+
100%+
60
50
40
57%
50%
48%
30
40%
20
23%
10
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
8 10 125%
1 0 n/a
5 2 40%
21 10 48%
25 35 140%
23 13 57%
12 6 50%
71 16 23%
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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