langley TOWNHOME-FEBRUARY 2023
SALES TO LISTINGSRATIO 51% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 20% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 21% VS 2022
▼ 20% VS 2022
0.0% VS 2022
▼ 44% VS 2022
Therewere113 townhom elistingsin Langleyin February,3% below Januaryand nochangetoFebruary 2022. Februarytownhom esalesincreased by76% m onth-over-m onth,to58,and were44% below February 2022. Thesales-to-listing ratio fortow nhom esin Langley,at 51% ,reflected aselers'm arket. Thetownhom em edian pricein Februarywas$780,000,a 0.5% increasefrom Januaryand 20% below February 2022. Theaveragesold pricewas$795,253,0.3% below last m onth;theaveragePSF salepricewas$529,up 2% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 92% 104 113
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$529 $795,253 $780,000 51% 58 113
-20% -21% -20% -44% -44% 0%
$516 $797,498 $776,500 28% 33 117
82% 76% -3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
2% -0.3% 0.5%
$659 $1,010,590 $972,500
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
228
260
253
194
212
155
178
140
166
17
135
13
13
91
19
104
68
98
53
80
58
38
61
51
37
33
$973K $950K
$925K $881K $880K
$825K $790K $780K $770K $800K
$738K $777K $780K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
50
7
4+ bdrms
30
40
79%
67%
34
30
3 bdrms
44
43%
42%
20
17
2 bdrms
10
39
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
7 3 43%
39 31 79%
52 22 42%
10 0 n/a
3 2 67%
2 0 n/a
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