langley TOWNHOME-JULY 2023
SALES TO LISTINGSRATIO 57% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.5% VS 2022
▲ 3% VS 2022
▼ 41% VS 2022
▲ 39% VS 2022
Therewere150 townhom elistingsin Langleyin July, 15% aboveJuneand 41% lowerthan July2022. Julytownhom esalesdecreased by21% m onth-over-m onth,to85,and were39% aboveJuly 2022. Thesales-to-listing ratio fortow nhom esin Langley,at 57% ,reflected aselers'm arket. Thetownhom em edian pricein Julywas$852,500,a3% decreasefrom Juneand 3% aboveJuly2022. Theaveragesold pricewas$858,833,5% below last m onth;theaveragePSF salepricewas$577,up 0.4% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 82% 108 131
% Change
TOTALLISTINGS TOTALSALES
$577 $858,833 $852,500 57% 85 150
$551 $845,772 $825,000 24% 61 253
5% 1.5% 3% 135% 39% -41%
0.4% -5% -3% -31% -21% 15%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$575 $902,853 $878,500
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 202 ● JUL 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
253
194
212
155
166
150
132
131
17
13
108
104
19
108
102
85
68
96
95
53
61
38
58
51
37
33
$883K $879K $853K
$825K $790K $780K $770K $800K
$810K $841K
$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
70
14
4+ bdrms
60
38
74%
50
70%
45
3 bdrms
40
79
30
33%
26
26%
20
2 bdrms
33
10
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
6 2 33%
34 25 74%
71 50 70%
31 8 26%
7 0 n/a
1 0 n/a
Copyright© August3,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftheren iegroupofcom panies.CurentasofAugust3,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 24 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online