langley CONDO -JULY 202
SALES TO LISTINGSRATIO 34% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 22% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 18% VS 2021
▲ 17% VS 2021
▼ 8% VS 2021
▼ 28% VS 2021
Therewere265 condolistingsin Langleyin July,9% below Juneand 8% lowerthan July2021.
Julycondosalesrem ained thesam em onth-over-m onth, at91,and were28% below July2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 44% 127 287
% Change
No.
% Change
Thesales-to-listing ratio forcondosin Langley,at34% , reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$673 $573,427 $550,000 34% 91 265
22% 18% 17% -22% -28% -8%
$689 $580,162 $565,000 31% 91 290
9% 0% -9%
Thecondom edian pricein Julywas$550,000,a3% decreasefrom Juneand 17% aboveJuly2021. Theaveragesold pricewas$573,427,1.2% below last m onth;theaveragePSF salepricewas$673,down 2% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-2% -1.2% -3%
$550 $486,398 $471,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2021 ● JUL 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
290
287
265
244
203
189
209
169
202
162
190
137
160
120
10
127
96
128
121
120
18
109
91
91
91
57
$606K $610K $615K
$589K $555K
$581K $583K $565K $550K
$510K $540K
$471K $500K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
4+ bdrms
100
75%
67%
8
80
3 bdrms
29
46%
60
40
27%
54
2 bdrms
20%
165
20
0
29
<$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
4 3 75%
133 61 46%
112 22 20%
11 3 27%
3 2 67%
2 0 n/a
71
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