langley CONDO -JULY 2023
SALES TO LISTINGSRATIO 43% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 0.0% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 7% VS 2022
▲ 9% VS 2022
▼ 9% VS 2022
▲ 14% VS 2022
Therewere242 condolistingsin Langleyin July,10% aboveJuneand 9% lowerthan July2022.
Julycondosalesdecreased by21% m onth-over-m onth,to 104,and were14% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 60% 131 220
% Change
Thesales-to-listing ratio forcondosin Langley,at43% , reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
43% 104 242
$673 $573,427 $550,000 34% 91 265
25% 14% -9%
-3% 8% 10% -28% -21% 10%
Thecondom edian pricein Julywas$597,250,a10% increasefrom Juneand 9% aboveJuly2022. Theaveragesold pricewas$614,044,8% abovelast m onth;theaveragePSF salepricewas$673,down 3% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$673 $614,044 $597,250
$696 $568,830 $543,000
0% 7% 9%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 202 ● JUL 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
297
31
274
250
265
230
242
248
235
222
220 220
197
136
131
131
86
104
91
106
64
62
60
57
55
48
$597K
$550K $555K $523K $538K
$556K $550K $543K
$506K $527K $540K $529K
$494K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1
100%+
100
4+ bdrms
80
8
3 bdrms
60
32
50% 48%
41%
40
71
26%
2 bdrms
20
149
0
24
<$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
2 1 50%
109 52 48%
102 42 41%
27 7 26%
1 2 200%
1 0 n/a
61
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