langley DETACHED-DECEMBER 2021
SALESTO LISTINGSRATIO 63% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 43% VS2020
▲ 26% VS2020
▼ 25% VS2020
▼ 10% VS2020
Therewere168detachedlistingsinLangleyin December,25%belowNovemberand25%lowerthan December2020. Decemberdetachedhomesalesdecreasedby34% month-over-month,to106,andwere10%below December2020. Thesales-to-listingratiofordetachedinLangley,at63%, reflectedaselers'market. ThedetachedmedianpriceinDecemberwas$1,630,000, a3%decreasefromNovemberand26%aboveDecember 2020. Theaveragesoldpricewas$2,109,285,10%abovelast monthandup43%toDecember2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 53% 118 224
%Change
No. 72% 161 223
%Change
TOTALLISTINGS TOTALSALES
63% 106 168
43% 26% 20% -10% -25%
10% -3% -13% -34% -25%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,922,973 $1,675,000
$2,109,285 $1,630,000
$1,478,366 $1,292,500
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
444
383
435
2.04
374
1.97
292
273
270
314
1.81
248
247
223
275
264
1.63
224
236
1.51
161
1.45
142
168
187
155
152
18
106
19
12
99
$1.68M
$1.63M
$1.50M
$1.41M
$1.41M
$1.39M
$1.40M
$1.35M
$1.34M $1.34M
$1.33M
$1.29M
$1.28M
Dec-20
Nov-21
Dec-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
80
100%+ 100%+ 100%+
70
60
77%
50
40
30
32%
20
20%
16%
10
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-LRATIO SALES INVENTORY
15 3 20%
0 2 n/a
3 6 200%
12 17 142%
21 47 224%
28 9 32%
13 10 77%
76 12 16%
Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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