langley DETACHED -AUGUST 202
SALES TO LISTINGSRATIO 17% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 12% VS 2021
▼ 3% VS 2021
▲ 89% VS 2021
▼ 38% VS 2021
Therewere520 detached listingsin Langleyin August, 10% below Julyand 89% higherthan August2021. Augustdetached hom esalesincreased by16% m onth-over-m onth,to88,and were38% below August 2021. Thesales-to-listing ratio fordetached in Langley,at17% , reflected abalanced m arket.
THISMONTH No. $1,496,449 $1,355,000 17% 88 520
PREVIOUSYEAR
PREVIOUSMONTH
No. 52% 142 275
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
-12% -3% -67% -38% 89%
$1,675,558 $1,509,950 13% 76 577
-11% -10% 28% 16% -10%
Thedetachedm edian pricein Augustwas$1,355,000,a 10% decreasefrom Julyand 3% below August2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,496,449,11% below last m onth and down 12% toAugust2021.
$1,699,412 $1,399,950
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
514
578 577
520
1.87
1.83
386
1.72
423
1.50
1.50
294
292
273
1.42
275
223
202
168
160
10
142
166
130
123
19
88
12
105
92
81
76
$1.78M $1.82M $1.70M
$1.68M $1.63M
$1.64M $1.59M $1.53M $1.51M
$1.40M $1.41M $1.50M
$1.36M
Aug.-21
Jul.-22
Aug.-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
160
140
120
100
59%
80
55%
47%
60
30%
40
16%
12%
10%
20
2%
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
15 7 47%
11 6 55%
29 17 59%
89 27 30%
148 15 10%
57 7 12%
44 7 16%
127 2 2%
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