langley DETACHED -JULY 2023
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 2% VS 2022
▲ 1.7% VS 2022
▼ 15% VS 2022
▲ 36% VS 2022
Therewere489 detached listingsin Langleyin July,5% aboveJuneand 15% lowerthan July2022. July detached hom esalesdecreased by 48% m onth-over-m onth,to 103,and were36% aboveJuly 2022. Thesales-to-listing ratio fordetached in Langley,at21% , reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 43% 199 464
% Change
TOTALLISTINGS TOTALSALES
21% 103 489
$1,675,558 $1,509,950 13% 76 577
2% 1.7% 60% 36% -15%
0.6% 0.4% -51% -48% 5%
Thedetachedm edian pricein Julywas$1,535,000,a 0.4% increasefrom Juneand 1.7% aboveJuly2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,713,960,0.6% abovelast m onth and up 2% toJuly2022.
$1,703,428 $1,529,000
$1,713,960 $1,535,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
577
461
489
452
520
431
1.83
1.80
484
464
1.74
344
1.62
1.50
340
327
1.43
321
312
199
129
88
86
79
138
18
76
103
76
70
56 61
$1.55M $1.54M $1.53M $1.54M
$1.51M
$1.35M $1.38M $1.39M $1.30M $1.33M $1.32M $1.38M $1.38M
22-Jul
23-Jun 23-Jul
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
100
80
60
43%
38%
37%
35%
40
24%
16%
20
9%
7%
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
20 7 35%
8 3 38%
27 10 37%
68 29 43%
128 31 24%
63 10 16%
55 5 9%
120 8 7%
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