langley TOWNHOME-JANUARY 202
SALESTO LISTINGSRATIO 68% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 47% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 40% VS2021
▲ 40% VS2021
▼ 52% VS2021
▼ 50% VS2021
Therewere74townhomelistingsinLangleyinJanuary, 252%aboveDecemberand52%lowerthanJanuary2021. Januarytownhomesalesdecreasedby46% month-over-month,to50,andwere50%belowJanuary 2021. Thesales-to-listingratiofortownhomesinLangley,at 68%,reflectedaselers'market. ThetownhomemedianpriceinJanuarywas$911,500,a 1.1%changefromDecemberand40%aboveJanuary 2021. Theaveragesoldpricewas$933,305,4%abovelast month;theaveragePSFsalepricewas$624,up8%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 65% 101 155
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
50 74
47% 40% 40% 4% -50% -52%
92 21
1.1% -85% -46% 252%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$624 $933,305 $911,500 68%
$577 $899,727 $902,000 438%
$423 $664,712 $650,325
8% 4%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 2021 ● JAN 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
206
184
183
184
155
155
178
167
139
148
19
10
127
125
120
92
15
106
101
102
74
95
82
70
50
21
$912K
$902K
$850K
$851K
$770K
$756K
$750K
$740K
$732K
$730K
$711K
$650K
$650K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
35
9
100%+
30
4+bdrms
14
25
75%
20
24
3bdrms
37
50%
15
43%
40%
10
17
2bdrms
23
5
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
2 1 50%
21 9 43%
32 24 75%
12 14 117%
5 2 40%
2 0 n/a
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 24 ●
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