langley TOWNHOME-OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 38% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 13% VS 2022
▲ 10% VS 2022
▼ 7% VS 2022
▲ 11% VS 2022
Therewere154 townhom elistingsin Langleyin O ctober, 6% aboveSeptem berand 7% lowerthan October2022. O ctobertownhom esalesincreased by11% m onth-over-m onth,to59,and were11% aboveO ctober 2022. Thesales-to-listing ratio fortow nhom esin Langley,at 38% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$845,000,a 2% decreasefrom Septem berand 10% aboveO ctober 2022. Theaveragesold pricewas$866,759,1.4% abovelast m onth;theaveragePSF salepricewas$559,up 0.3% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$559 $866,759 $845,000 38% 59 154
$529 $766,237 $770,000 32% 53 166
6% 13% 10% 20% 11% -7%
$557 $854,468 $865,000 37% 53 145
0.3% 1.4% -2% 5% 11% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
166
155
150
154
132
145
17
138
13
131
108
104
19
108
102
79
95 96
85
59
53
38
58
53
37
33
$883K $879K $853K $845K $865K $845K
$810K $841K
$770K $800K $738K $777K $780K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
8
4+ bdrms
38
79%
60
31
3 bdrms
83
50%
40
33%
20
2 bdrms
20%
18%
20
33
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
5 1 20%
28 22 79%
84 28 33%
33 6 18%
4 2 50%
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