langley CONDO -MARCH 2023
SALES TO LISTINGSRATIO 56% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 10% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 12% VS 2022
▼ 14% VS 2022
▲ 24% VS 2022
▼ 31% VS 2022
Therewere235 condolistingsin Langleyin M arch,6% below Februaryand 24% higherthan M arch 2022. M arch condo salesincreased by 138% m onth-over-m onth,to 131,and were31% below M arch 2022. Thesales-to-listing ratio forcondosin Langley,at56% , reflected aselers'm arket. Thecondom edian pricein M arch was$529,000,a2% decreasefrom Februaryand 14% below M arch 2022. Theaveragesold pricewas$557,051,1.7% below last m onth;theaveragePSF salepricewas$640,up 4% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 190 189
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
56% 131 235
-10% -12% -14% -45% -31% 24%
$614 $566,657 $540,000 22% 55 250
4% -1.7% -2% 153% 138% -6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$710 $631,866 $615,000 101%
$640 $557,051 $529,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
297
31
290
274
250
230
265
235
248
244
190
209
197
189
131
10
91
86
19
90
64
60 62
57
55
48
$615K $580K $583K
$564K $550K $555K $523K $538K
$540K $529K
$494K $506K $527K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
140
4+ bdrms
120
82%
100
66%
11
80
3 bdrms
21
60
38%
27%
86
40
2 bdrms
137
20
0
34
<$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
11 3 27%
140 93 66%
69 26 38%
11 9 82%
4 0 n/a
77
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