langley TOWNHOME - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 32% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 6% VS 2022
▲ 9% VS 2022
▲ 24% VS 2022
▼ 6% VS 2022
There were 145 townhome listings in Langley in November, 6% below October and 6% lower than November 2022. November townhome sales decreased by 22% month-over-month, to 46, and were 24% above November 2022. The sales-to-listing ratio for townhomes in Langley, at 32%, reflected a sellers' market. The townhome median price in November was $871,000, a 3% increase from October and 9% above November 2022. The average sold price was $854,824, 1.4% below last month; the average PSF sale price was $564, up 0.9% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$564 $854,824 $871,000 32% 46 145
$540 $807,378 $800,000 24% 37 155
33% 24% -6%
$559 $866,759 $845,000 38% 59 154
0.9% -1.4% 3% -17% -22% -6%
4% 6% 9%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2022 ● NOV 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
150
155
154
145
132
145
138
117
113
131
108
104
119
108
102
79
96
95
85
59
58
38
46
53
37
33
$883K
$879K
$871K
$865K
$853K
$845K
$845K
$841K
$810K
$800K
$780K
$777K
$738K
LANGLEY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
80
10
70
4+ bdrms
39
60
50
24
3 bdrms
71
40
48%
30
33%
12
25%
2 bdrms
20
19%
34
10
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
1
S-L RATIO SALES INVENTORY
8 2 25%
25 12 48%
78 26 33%
31 6 19%
3 0 n/a
Copyright © 2023 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of December 11, 2023. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 24 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online