langley TOWNHOME-MAY 2023
SALES TO LISTINGSRATIO 73% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 4% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 0.3% VS 2022
▲ 0.2% VS 2022
▼ 42% VS 2022
▲ 20% VS 2022
Therewere132 townhom elistingsin Langleyin M ay, 27% aboveApriland 42% lowerthan M ay2022. M aytownhom esalesincreased by1.1% m onth-over-m onth,to96,and were20% aboveM ay 2022. Thesales-to-listing ratio fortow nhom esin Langley,at 73% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$882,500,a5% increasefrom Apriland 0.2% aboveM ay2022. Theaveragesold pricewas$904,865,7% abovelast m onth;theaveragePSF salepricewas$562,up 2.0% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$562 $904,865 $882,500 73% 96 132
$585 $907,769 $880,500 35% 80 228
-4% -0.3% 0.2% 107% 20% -42%
$551 $848,486 $841,000 91% 95 104
-20% 1.1% 27%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
2% 7% 5%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
260 253
228
194
212
155
166
17
132
13 108
104
91
19
96
102
68
80
95
53
38
61
58
51
37
33
$881K $880K $825K
$841K $883K
$790K $780K $770K $800K $738K
$777K $780K $810K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
60
26
100% 100%+
4+ bdrms
31
50
40
54
3 bdrms
71
30
40%
20
16
2 bdrms
20%
29
10
8%
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
1
S-L RATIO SALES INVENTORY
5 1 20%
35 14 40%
61 61 100%
17 19 112%
13 1 8%
1 0 n/a
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