langley DETACHED -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY Therewere568 detached listingsin Langleyin O ctober, 0.5% aboveSeptem berand 23% higherthan O ctober 2022. O ctoberdetached hom esalesdecreased by 15% m onth-over-m onth,to 73,and were4% below O ctober 2022. Thesales-to-listing ratio fordetached in Langley,at13% , reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$1,560,000,a 1.3% increasefrom Septem berand 12% aboveO ctober 2022. Theaveragesold pricewas$1,811,517,5% abovelast m onth and up 10% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 10% VS 2022
▲ 12% VS 2022
▲ 23% VS 2022
▼ 4% VS 2022
THISMONTH No. $1,811,517 $1,560,000 13% 73 568
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$1,643,309 $1,390,000 16% 76 461
10% 12% -22% -4% 23%
$1,718,928 $1,539,750 15% 86 565
5% 1.3% -16% -15% 0.5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
568
565
489
452
506
431
461
1.85
1.81
464
1.78
344
1.54
1.52
340
327
321
1.43
312
199
129
10
79
138
18
76
73
103
86
70
56
61
$1.55M $1.54M $1.53M $1.54M $1.48M $1.54M $1.56M
$1.39M $1.30M $1.33M $1.32M $1.38M $1.38M
22-Oct
23-Sep 23-Oct
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
100
80
60
40%
33%
40
16%
15%
13%
12%
11%
20
4%
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
27 4 15%
0 1 n/a
9 3 33%
25 10 40%
93 15 16%
145 19 13%
66 7 11%
67 8 12%
136 6 4%
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