langley CONDO -DECEMBER 202
SALESTO LISTINGSRATIO 30% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere196 condolistingsin Langleyin D ecem ber, 28% below N ovem berand 244% higherthan D ecem ber 2021. D ecem bercondo salesdecreased by 33% m onth-over-m onth,to58,and were52% below D ecem ber2021. Thesales-to-listing ratio forcondosin Langley,at30% , reflected aselers'm arket. Thecondom edian pricein D ecem berwas$508,000,a 3% increasefrom N ovem berand 8% below D ecem ber 2021. Theaveragesold pricewas$532,655,0.6% below last m onth;theaveragePSF salepricewas$635,down 3% to lastm onth.
AVERAGEPRICE
AVERAGE PSFPRICE ▼ 1.0% VS2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 6% VS2021
▼ 8% VS2021
▲ 244% VS2021
▼ 52% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$635 $532,655 $508,000 30% 58 196
$642 $564,805 $555,000 211% 120 57
-86% -52% 244%
$653 $535,869 $494,200 32% 86 273
-3% -0.6% 3% -6% -33% -28%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-1% -6% -8%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2021 ● DEC 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
297
31
290
273
265
248
244
190
209
169
196
10
120
96
91
86
120
109
91
91
58
57
64
60 62
$606K $610K $615K $581K $583K
$565K $550K $555K
$555K
$523K $538K
$494K $508K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
120
4+bdrms
100
80
3
3bdrms
60
16
43%
34%
40
36
23%
2bdrms
127
20
11%
0
19
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2bdrms
S-LRATIO SALES INVENTORY
7 3 43%
117 40 34%
62 14 23%
9 1 11%
1 0 n/a
53
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