langley CONDO -AUGUST 202
SALES TO LISTINGSRATIO 26% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 13% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 13% VS 2021
▲ 11% VS 2021
▲ 23% VS 2021
▼ 60% VS 2021
Therewere248 condolistingsin Langleyin August,6% below Julyand 23% higherthan August2021. Augustcondosalesdecreased by30% m onth-over-m onth,to64,and were60% below August 2021. Thesales-to-listing ratio forcondosin Langley,at26% , reflected aselers'm arket. Thecondom edian pricein Augustwas$554,750,a0.9% increasefrom Julyand 11% aboveAugust2021. Theaveragesold pricewas$586,441,2% abovelast m onth;theaveragePSF salepricewas$636,down 6% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 79% 160 202
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$636 $586,441 $554,750 26% 64 248
13% 13% 11% -67% -60% 23%
$673 $573,427 $550,000 34% 91 265
0.9% -25% -30% -6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$561 $519,470 $500,000
-6% 2%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2021 ● AUG 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
290
248
265
244
203
189
202
209
169
162
160
190
137
120
10
96
128
91
121
120
18
109
91
91
64
57
$606K $610K $615K
$589K $555K
$581K $583K $565K $550K $555K
$510K $540K
$500K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
4+ bdrms
100
80
3
3 bdrms
32
60
32%
40
49
23% 20%
2 bdrms
148
20
0
12
<$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
9 0 n/a
126 40 32%
93 21 23%
15 3 20%
4 0 n/a
1 0 n/a
68
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