langley DETACHED -JANUARY 2023
SALES TO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 35% VS 2022
▼ 26% VS 2022
▲ 88% VS 2022
▼ 31% VS 2022
Therew ere 312 detached listingsin Langley in January, 5% below D ecem berand 88% higherthan January2022. January detached hom esalesincreased by m onth-over-m onth,to 61,and were31% below January 2022. Thesales-to-listing ratio fordetached in Langley,at20% , reflected abalanced m arket. Thedetachedm edian pricein Januarywas$1,320,000,a 3% decreasefrom D ecem berand 26% below January 2022. Theaveragesold pricewas$1,356,761,6% below last m onth and down 35% toJanuary2022.
THISMONTH No. $1,356,761 $1,320,000 20% 61 312
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$2,087,260 $1,775,000 54% 89 166
-35% -26% -64% -31% 88%
$1,442,359 $1,355,000 18% 58 327
-6% -3% 10% 5% -5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
514
578 577
461
520
1.95
431
484
1.84
386
423
1.70
294
312
1.51
1.47
327
1.46
202
10
166 89
87 88
79
130
123
61
80
76
76
58
$1.78M $1.82M $1.70M
$1.64M $1.59M $1.53M $1.51M
$1.35M $1.38M $1.39M $1.30M $1.36M $1.32M
Jan-22
Dec-22
Jan-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
80
100%+
60
40
39%
32%
32%
25%
20
11%
4%
3%
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-L RATIO SALES INVENTORY
23 9 39%
1 0 n/a
6 7 117%
25 8 32%
47 15 32%
57 14 25%
37 4 11%
33 1 3%
83 3 4%
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