langley DETACHED -DECEMBER 202
SALESTO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 33% VS2021
▼ 17% VS2021
▲ 95% VS2021
▼ 44% VS2021
Therewere327 detached listingsin Langleyin D ecem ber,24% below N ovem berand 95% higherthan D ecem ber2021. D ecem berdetached hom esalesdecreased by 25% m onth-over-m onth,to59,and were44% below D ecem ber2021. Thesales-to-listing ratio fordetached in Langley,at18% , reflected abalanced m arket. Thedetachedm edian pricein D ecem berwas$1,350,000, a4% increasefrom N ovem berand 17% below D ecem ber 2021. Theaveragesold pricewas$1,420,454,3% abovelast m onth and down 33% toD ecem ber2021.
THISMONTH No. $1,420,454 $1,350,000 18% 59 327
PREVIOUSYEAR
PREVIOUSMONTH
No. 63% 105 168
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
-33% -17% -71% -44% 95%
3% 4% -1.6% -25% -24%
$1,380,485 $1,299,800 18% 79 431
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,107,669 $1,625,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
514
578 577
461
520
1.83
431
1.80
484
386
1.63
1.621.62
423
294
1.45
327
202
168 105
10
166
87 88
79
130
123
59
91
81
76
76
$1.78M $1.82M $1.70M
$1.64M $1.59M $1.53M $1.51M
$1.63M
$1.35M $1.38M $1.39M $1.30M $1.35M
Dec-21
Nov-22
Dec-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100
100%
80
75%
60
48%
40
29%
27%
20
13%
11%
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-LRATIO SALES INVENTORY
16 12 75%
1 1 100%
11 3 27%
25 12 48%
42 12 29%
68 9 13%
37 4 11%
35 1 3%
92 5 5%
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