langley TOWNHOME-DECEMBER 2021
SALESTO LISTINGSRATIO 438% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 41% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 38% VS2020
▲ 42% VS2020
▼ 85% VS2020
▼ 4% VS2020
Therewere21townhomelistingsinLangleyin December,70%belowNovemberand85%lowerthan December2020. Decembertownhomesalesdecreasedby3% month-over-month,to92,andwere4%belowDecember 2020. Thesales-to-listingratiofortownhomesinLangley,at 438%,reflectedaselers'market. ThetownhomemedianpriceinDecemberwas$902,000, a6%increasefromNovemberand42%aboveDecember 2020. Theaveragesoldpricewas$899,727,3%abovelast month;theaveragePSFsalepricewas$577,up5%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
92 21
$410 $650,285 $633,000 67% 96 144
41% 38% 42% 557% -4% -85%
95 70
5% 3% 6% 223% -3% -70%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$577 $899,727 $902,000 438%
$551 $877,208 $851,000 136%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2020 ● DEC 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
206
184
183
184
155
155
178
167
139
144
148
19
10
125
120 127
95
15
96
106
92
101
102
70
82
21
$902K
$850K
$851K
$770K
$756K
$750K
$740K
$732K
$730K
$711K
$650K
$650K
$633K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
50
21
100%+ 100%+ 100%+ 100%+ 100%+
4+bdrms
3
40
49
30
3bdrms
8
20
21
2bdrms
10
10
0
1
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
2 5 250%
7 16 229%
8 50 625%
2 16 800%
2 5 250%
Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 24 ●
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