langley CONDO-JANUARY 202
SALESTO LISTINGSRATIO 105% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 40% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 43% VS2021
▲ 41% VS2021
▼ 70% VS2021
▼ 1.0% VS2021
Therewere91condolistingsinLangleyinJanuary,60% aboveDecemberand70%lowerthanJanuary2021. Januarycondosalesdecreasedby20% month-over-month,to96,andwere1.0%belowJanuary 2021. Thesales-to-listingratioforcondosinLangley,at105%, reflectedaselers'market. ThecondomedianpriceinJanuarywas$605,500,a9% changefromDecemberand41%aboveJanuary2021. Theaveragesoldpricewas$617,811,9%abovelast month;theaveragePSFsalepricewas$665,up4%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
96 91
$475 $431,084 $428,500 32% 97 301
40% 43% 41% 227% -1% -70%
$642 $564,805 $555,000 211% 120 57
-50% -20% 60%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$665 $617,811 $605,500 105%
4% 9% 9%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 2021 ● JAN 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
325
302
344
334
287
301
300
203
196
172
170
162
202
137
120
160
147
145
96
128
127
121
18
91
97
57
$606K
$589K
$555K
$540K
$510K
$500K
$479K
$472K
$470K
$471K
$463K
$455K
$429K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100%+ 100%+ 100%
40
4+bdrms
30
13
3bdrms
12
20
61
2bdrms
10
47
0
22
<$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
7 0 n/a
44 45 102%
31 45 145%
6 6 100%
1 0 n/a
2 0 n/a
32
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 25 ●
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