langley CONDO -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 26% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 10% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 0.4% VS 2022
▲ 2% VS 2022
▼ 8% VS 2022
▲ 19% VS 2022
Therewere286 condolistingsin Langleyin O ctober,3% aboveSeptem berand 8% lowerthan O ctober2022. O ctobercondosalesdecreased by13% m onth-over-m onth,to74,and were19% aboveO ctober 2022. Thesales-to-listing ratio forcondosin Langley,at26% , reflected aselers'm arket. Thecondom edian pricein Octoberwas$548,500,a4% decreasefrom Septem berand 2% aboveO ctober2022. Theaveragesold pricewas$558,389,4% below last m onth;theaveragePSF salepricewas$675,down 3% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$675 $558,389 $548,500 26% 74 286
$611 $560,781 $537,500 20% 62 311
30% 19% -8%
$694 $584,509 $569,900 30% 85 279
-15% -13% 3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-3% -4% -4%
10% -0.4% 2%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
279
274
286
261
250
242
230
235
222
220 220
197
136
131
131
100
86
106
104
74
85
62
57
55
48
$597K
$568K $570K $549K
$556K $550K $543K
$538K
$506K $527K $540K $529K
$494K
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
1
100
67%
3
80
3 bdrms
25
60
38%
40
45
2 bdrms
15%
178
20
8%
0
26
<$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
3 2 67%
133 51 38%
124 19 15%
8%
1 0 n/a
82
25 2
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