the rennie review - September 2022

langley TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 32% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 3% VS 2021

▲ 5% VS 2021

▲ 84% VS 2021

▼ 51% VS 2021

Therewere212 townhom elistingsin Langleyin August, 16% below Julyand 84% higherthan August2021. Augusttownhom esalesincreased by11% m onth-over-m onth,to68,and were51% below August 2021. Thesales-to-listing ratio fortow nhom esin Langley,at 32% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$790,000,a 4% decreasefrom Julyand 5% aboveAugust2021. Theaveragesold pricewas$786,760,7% below last m onth;theaveragePSF salepricewas$530,down 4% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 139 115

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$530 $786,760 $790,000 32% 68 212

-73% -51% 84%

$551 $845,772 $825,000 24% 61 253

33% 11% -16%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$499 $765,787 $750,000 121%

-4% -7% -4%

6% 3% 5%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

228

260

253

212

178

140

15 139

18

13

10

135

95

92

91

74

105

102

98

68

82

80

70

61

50

21

$975K $950K

$925K $881K $880K

$850K $851K $902K $912K

$825K $790K

$750K $773K

LANGLEY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

100

6

4+ bdrms

80

54

60

39

3 bdrms

104

49%

40

38%

28%

23

2 bdrms

20

54

13%

10%

0

<$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

13 5 38%

67 33 49%

92 26 28%

31 3 10%

8 1 13%

1 0 n/a

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