langley CONDO -OCTOBER 202
SALES TO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 0.5% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.7% VS 2021
▼ 0.5% VS 2021
▲ 92% VS 2021
▼ 52% VS 2021
Therewere311 condolistingsin Langleyin O ctober,5% aboveSeptem berand 92% higherthan October2021.
O ctobercondosalesincreased by3% m onth-over-m onth, to62,and were52% below October2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 79% 128 162
% Change
No.
% Change
Thesales-to-listing ratio forcondosin Langley,at20% , reflected abalanced m arket.
TOTALLISTINGS TOTALSALES
$611 $560,765 $537,500 20% 62 311
0.5% 0.7% -0.5% -75% -52% 92%
$610 $556,150 $522,500 20% 60 297
3% 5%
Thecondom edian pricein Octoberwas$537,500,a3% increasefrom Septem berand 0.5% below O ctober2021. Theaveragesold pricewas$560,765,0.8% abovelast m onth;theaveragePSF salepricewas$611,up 0.2% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
0.2% 0.8% 3% -1.3%
$609 $556,632 $540,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2021 ● OCT 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
297
31
290
265
248
244
189
209
169
162
190
137
120
128
10
96
91
120
18
109
91
91
62
64
60
57
$606K $610K $615K $581K $583K
$589K $555K
$565K $550K $555K
$540K
$523K $538K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
4+ bdrms
150
5
3 bdrms
100
21
40
50
2 bdrms
20% 22%
17%
14%
193
0
17
<$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
15 3 20%
181 39 22%
98 17 17%
14 2 14%
3 0 n/a
0 1 n/a
97
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