langley DETACHED -JULY 202
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 11% VS 2021
▲ 13% VS 2021
▲ 84% VS 2021
▼ 50% VS 2021
Therew ere 577 detached listingsin Langley in July, -0.2% below Juneand 84% higherthan July2021. July detached hom esalesdecreased by 7% m onth-over-m onth,to76,and were50% below July 2021. Thesales-to-listing ratio fordetached in Langley,at13% , reflected abalanced m arket.
THISMONTH No. $1,675,558 $1,509,950 13% 76 577
PREVIOUSYEAR
PREVIOUSMONTH
No. 48% 152 314
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
11% 13% -73% -50% 84%
$1,740,712 $1,530,500 14% 82 578
-4% -1.3% -7% -7% -0.2%
Thedetachedm edian pricein Julywas$1,509,950,a 1.3% decreasefrom Juneand 13% aboveJuly2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,675,558,4% below last m onth and up 11% toJuly2021.
$1,503,282 $1,331,500
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
577
514
578
1.83
1.76
386
1.74
423
1.61
1.56
294
292
1.50
314
273
223
275 142
202
168
152
10
166
160
131
123
19
12
76
105
92
82
$1.78M $1.82M
$1.70M $1.64M
$1.68M $1.63M
$1.59M $1.53M $1.51M
$1.40M $1.41M $1.50M
$1.33M
Jul-21
Jun-22
Jul-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
150
100
55%
50
25%
24%
13%
13%
9%
7%
5%
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
17 4 24%
0 1 n/a
12 3 25%
33 18 55%
96 12 13%
177 23 13%
60 4 7%
55 5 9%
127 6 5%
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