langford TOWNHOME - DECEMBER 2 0 2 3
MONTHS OF INVENTORY 4.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 17% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 50% VS 2022
▼ 15% VS 2022
▼ 20% VS 2022
▼ 9% VS 2022
There were 68 townhome listings in Langford in December, 27% below November and 9% lower than December 2022. December townhome sales increased by 15% month-over-month, to 15, and were 50% above December 2022. The months of inventory for townhomes in Langford, at 4.5, reflected a sellers' market. The townhome median price in December was $685,000, a 13% decrease from November and 20% below December 2022. The average sold price was $721,140, 11% below last month; the average PSF sale price was $481, up 13% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15 68
10 75
-17% -15% -20% -40% 50% -9%
13 93
13% -11% -13% -37% 15% -27%
$481 $721,140 $685,000 4.5
$578 $850,012 $854,500 750%
$427 $807,436 $790,000 7.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
48
86
84
84
95
93
72
75
70
70
70
70
68
35
58
30
29
27
25
24
18
21
15
7
19
10
13
13
12
$855K
$790K
$775K
$748K
$750K
$749K
$745K
$735K
$740K
$732K
$720K
$711K
$685K
Dec-22
Nov-23
Dec-23
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
25
4
17.0
4+ bdrms
17
20
12.5
6
15
3 bdrms
34
10
4
4.5
2 bdrms
16
5
0.9
0.7
0
1 1
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 2 25 12.5 1 17 17.0 0 9 n/a 2 9 4.5 3 2 0.7 7 6 0.9
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 22, 2024. All data from Victoria Real Estate Board & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 25 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online