langley TOWNHOME-MARCH 2023
SALES TO LISTINGSRATIO 94% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 17% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 16% VS 2022
▼ 15% VS 2022
▼ 23% VS 2022
▼ 24% VS 2022
Therewere108 townhom elistingsin Langleyin M arch, 4% below Februaryand 23% lowerthan M arch 2022. M arch townhom esalesincreased by76% m onth-over-m onth,to 102,and were24% below M arch 2022. Thesales-to-listing ratio fortow nhom esin Langley,at 94% ,reflected aselers'm arket. Thetownhom em edian pricein M arch was$810,000,a 4% increasefrom Februaryand 15% below M arch 2022. Theaveragesold pricewas$821,108,3% abovelast m onth;theaveragePSF salepricewas$532,up 0.6% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 96% 135 140
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
94% 102 108
-17% -16% -15% -2% -24% -23%
$529 $795,253 $780,000 51% 58 113
0.6% 3% 4% 84% 76% -4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$532 $821,108 $810,000
$640 $978,947 $950,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
228
260
253
194
212
155
178
140
166
135
17
13
91
108
19
102
68
98
53
80
38
61
58
51
37
33
$950K $925K
$881K $880K $825K
$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
23
100%+
50
4+ bdrms
22
82%
40
64%
49
3 bdrms
30
57
50%
40%
20
30
2 bdrms
29
10
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
6 3 50%
29 44 152%
56 46 82%
11 7 64%
5 2 40%
1 0 n/a
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