langley DETACHED -MARCH 2023
SALES TO LISTINGSRATIO 38% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 21% VS 2022
▼ 19% VS 2022
▼ 11% VS 2022
▼ 36% VS 2022
Therewere344 detached listingsin Langleyin M arch, 7% aboveFebruaryand 11% lowerthan M arch 2022. M arch detached hom esalesincreased by 86% m onth-over-m onth,to 130,and were36% below M arch 2022. Thesales-to-listing ratio fordetached in Langley,at38% , reflected aselers'm arket. Thedetachedm edian pricein M arch was$1,375,000,a 0.5% decreasefrom Februaryand 19% below M arch 2022. Theaveragesold pricewas$1,474,129,2% below last m onth and down 21% toM arch 2022.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 52% 202 386
% Change -21% -19% -28% -36% -11%
No.
% Change
TOTALLISTINGS TOTALSALES
38% 130 344
$1,504,912 $1,382,000 22% 70 321
73% 86% 7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
-2% -0.5%
$1,474,129 $1,375,000
$1,861,165 $1,698,557
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
514
578 577
461
520
431
1.79
1.77
484
1.70
386
423
1.54
1.53
344
1.44
327
321
312
202
10
130
87 88
79
129
80
76
76
70
57
61
$1.70M $1.64M
$1.59M $1.53M $1.51M
$1.35M $1.38M $1.39M $1.30M $1.36M $1.32M $1.38M $1.38M
22-Mar
23-Feb
23-Mar
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
100
100%+ 100%+
80
71%
60
61%
40
32%
26%
20
7%
6%
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-L RATIO SALES INVENTORY
23 14 61%
2 0 n/a
7 5 71%
19 22 116%
41 44 107%
77 25 32%
47 12 26%
36 2 6%
92 6 7%
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