langley CONDO-DECEMBER 2021
SALESTO LISTINGSRATIO 211% SELLERS'MARKET
▶ MARKETSUMMARY Therewere57condolistingsinLangleyinDecember, 52%belowNovemberand79%lowerthanDecember 2020. Decembercondosalesdecreasedby12% month-over-month,to120,andwere19%above December2020. Thesales-to-listingratioforcondosinLangley,at211%, reflectedaselers'market. ThecondomedianpriceinDecemberwas$555,000,a 6%decreasefromNovemberand32%aboveDecember 2020. Theaveragesoldpricewas$564,805,2%belowlast month;theaveragePSFsalepricewas$642,up3%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 34% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 37% VS2020
▲ 32% VS2020
▼ 79% VS2020
▲ 19% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 37% 101 271
%Change
No. 137 118
%Change
TOTALLISTINGS TOTALSALES
$642 $564,805 $555,000 211% 120 57
34% 37% 32% 465% 19% -79%
3% -2% -6% 81% -12% -52%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$622 $578,350 $588,750 116%
$478 $413,477 $420,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2020 ● DEC 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
325
301 302
344
334
287
300
271
203
196
172
170
162
202
137
160
147
145
120
128
127
101
121
18
97
57
$589K
$555K
$540K
$510K
$500K
$479K
$472K
$470K
$471K
$463K
$455K
$429K
$420K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
70
100%+ 100%+ 100%+
4+bdrms
60
50
10 10
40
3bdrms
30
79
20
2bdrms
35
10
0
31
<$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 9 450%
26 71 273%
22 40 182%
5 0 n/a
2 0 n/a
12
Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 25 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online