langley DETACHED -FEBRUARY 2023
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 28% VS 2022
▼ 24% VS 2022
▲ 9% VS 2022
▼ 43% VS 2022
Therew ere 321 detached listingsin Langley in February, 3% aboveJanuaryand 9% higherthan February2022. February detached hom esalesincreased by 15% m onth-over-m onth,to70,and were43% below February 2022. Thesales-to-listing ratio fordetached in Langley,at22% , reflected aselers'm arket. Thedetachedm edian pricein Februarywas$1,382,000, a5% increasefrom Januaryand 24% below February 2022. Theaveragesold pricewas$1,504,912,11% abovelast m onth and down 28% toFebruary2022.
THISMONTH No. $1,504,912 $1,382,000 22% 70 321
PREVIOUSYEAR
PREVIOUSMONTH
No. 42% 123 294
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
-28% -24% -48% -43% 9%
$1,354,818 $1,320,000 20% 61 312
11% 5% 12% 15% 3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,093,965 $1,821,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
514
578 577
461
520
1.87
431
484
1.77
386
1.70
423
1.59
321
1.47
1.44
327
312
294
202
10
87 88
79
129
123
70
80
76
76
58 61
$1.82M $1.70M
$1.64M $1.59M $1.53M $1.51M
$1.35M $1.38M $1.39M $1.30M $1.36M $1.32M $1.38M
Feb-22
Jan-23
Feb-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
80
60
71%
40
50%
36%
30%
20
22%
14%
12%
6%
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
23 7 30%
2 0 n/a
7 5 71%
24 12 50%
50 18 36%
59 13 22%
43 6 14%
34 4 12%
79 5 6%
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