langley DETACHED -OCTOBER 202
SALES TO LISTINGSRATIO 16% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2021
▼ 7% VS 2021
▲ 69% VS 2021
▼ 36% VS 2021
Therewere461 detached listingsin Langleyin O ctober, 5% below Septem berand 69% higherthan October2021. O ctoberdetached hom esalesdecreased by 14% m onth-over-m onth,to 76,and were36% below O ctober 2021. Thesales-to-listing ratio fordetached in Langley,at16% , reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$1,390,000,a 1.1% increasefrom Septem berand 7% below O ctober 2021. Theaveragesold pricewas$1,643,309,13% abovelast m onth and down 3% toOctober2021.
THISMONTH No. $1,643,309 $1,390,000 16% 76 461
PREVIOUSYEAR
PREVIOUSMONTH
No. 44% 119 273
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
-62% -36% 69%
$1,451,397 $1,375,000 18% 88 484
13% 1.1% -9% -14% -5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,689,557 $1,500,000
-3% -7%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
514
578 577
520
1.81
461
1.76
1.76
484
386
423
1.57
1.49
294
1.43
273
223
202
168
160
10
166
19
87 88
130
123
76
105
92
81
76
$1.78M $1.82M $1.70M
$1.68M $1.63M
$1.64M $1.59M $1.53M $1.51M
$1.50M
$1.35M $1.38M $1.39M
Oct-21
Sep-22
Oct-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
120
100
80
57%
60
36%
40
28%
16%
14%
20
7%
5%
3%
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-L RATIO SALES INVENTORY
29 1 3%
2 0 n/a
11 4 36%
37 21 57%
67 19 28%
109 15 14%
43 7 16%
41 3 7%
122 6 5%
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