langley CONDO -MAY 2023
SALES TO LISTINGSRATIO 62% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 1.0% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 4% VS 2022
▼ 6% VS 2022
▼ 10% VS 2022
▲ 24% VS 2022
Therewere220 condolistingsin Langleyin M ay,0.9% below Apriland 10% lowerthan M ay2022.
M aycondosalesincreased by28% m onth-over-m onth,to 136,and were24% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 45% 110 244
% Change
No. 48% 106 222
% Change
Thesales-to-listing ratio forcondosin Langley,at62% , reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
62% 136 220
37% 24% -10%
1.9% -1.6% -1.1% 29% 28% -0.9%
Thecondom edian pricein M aywas$550,000,a1.1% decreasefrom Apriland 6% below M ay2022. Theaveragesold pricewas$570,148,1.6% below last m onth;theaveragePSF salepricewas$675,up 1.9% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$675 $570,148 $550,000
$663 $579,643 $556,000
$669 $592,871 $583,250
1% -4% -6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
297
31
290
274
250
230
265
248
244
220
235
222
197
131
136
91
10
86
106
90
64
62
60
57
55
48
$583K
$564K $550K $555K $523K $538K
$527K $540K $529K $556K $550K
$494K $506K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
100%+
4+ bdrms
100
1
80
69%
6
3 bdrms
60
14
49% 47%
40
89
2 bdrms
140
20
0
41
<$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
7 10 143%
116 80 69%
80 39 49%
15 7 47%
1 0 n/a
1 0 n/a
65
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