langley CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 17% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 12% VS 2022
▼ 11% VS 2022
▲ 48% VS 2022
▼ 50% VS 2022
Therewere250 condolistingsin Langleyin February,9% aboveJanuaryand 48% higherthan February2022. February condo salesincreased by 15% m onth-over-m onth,to55,and were50% below February 2022. Thesales-to-listing ratio forcondosin Langley,at22% , reflected aselers'm arket. Thecondom edian pricein Februarywas$540,000,a3% increasefrom Januaryand 11% below February2022. Theaveragesold pricewas$566,657,6% abovelast m onth;theaveragePSF salepricewas$614,down 5% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 64% 109 169
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$614 $566,657 $540,000 22% 55 250
-17% -12% -11% -66% -50% 48%
$649 $532,166 $526,500 21% 48 230
-5% 6% 3% 5% 15% 9%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$741 $640,364 $609,888
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
297
31
290
274
230
250
265
248
244
190
209
197
169
10
91
86
120
109
90
55
64
60 62
57
48
$610K $615K $581K $583K
$564K $550K $555K
$523K $538K
$506K $527K $540K
$494K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
150
4+ bdrms
67%
100
5
3 bdrms
22
50
36
24% 23% 25%
2 bdrms
19%
165
0
14
<$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
6 4 67%
155 30 19%
72 17 24%
13 3 23%
4 1 25%
63
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