langley TOWNHOME-OCTOBER 202
SALES TO LISTINGSRATIO 32% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere166 townhom elistingsin Langleyin O ctober, 14% below Septem berand 102% higherthan October 2021. O ctobertownhom esalesincreased by4% m onth-over-m onth,to 53,and were52% below O ctober 2021. Thesales-to-listing ratio fortow nhom esin Langley,at 32% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$770,000,a 1.3% decreasefrom Septem berand 9% below O ctober 2021. Theaveragesold pricewas$766,237,5% below last m onth;theaveragePSF salepricewas$529,up 1.0% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 0.4% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 10% VS 2021
▼ 9% VS 2021
▲ 102% VS 2021
▼ 52% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$529 $766,237 $770,000 32% 53 166
$527 $848,861 $850,096 134% 110 82
0.4% -10% -9% -76% -52% 102%
$524 $805,931 $780,000 26% 51 194
1% -5% -1.3% 21% 4% -14%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2021 ● OCT 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
228
260
253
194
212
166
178
140
13
135
95 92
10
91
74
104
68
82
98
80
70
53
61
51
50
21
$973K $950K
$925K $881K $880K
$902K $912K
$850K $851K
$825K $790K $780K $770K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
70
8
4+ bdrms
60
44
50
70%
26
40
3 bdrms
75
47%
30
19
20
24%
2 bdrms
17%
47
10
0
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
10 7 70%
55 26 47%
71 17 24%
18 3 17%
8 0 n/a
4 0 n/a
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