langley TOWNHOME-JANUARY 2023
SALES TO LISTINGSRATIO 28% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 17% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 15% VS 2022
▼ 15% VS 2022
▲ 58% VS 2022
▼ 34% VS 2022
Therewere117 townhom elistingsin Langleyin January, 1.7% below D ecem berand 58% higherthan January 2022. Januarytownhom esalesdecreased by13% m onth-over-m onth,to 33,and were34% below January 2022. Thesales-to-listing ratio fortow nhom esin Langley,at 28% ,reflected aselers'm arket. Thetownhom em edian pricein Januarywas$776,500,a 5% changefrom D ecem berand 15% below January2022. Theaveragesold pricewas$797,498,6% abovelast m onth;theaveragePSF salepricewas$516,up 1.0% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$516 $797,498 $776,500 28% 33 117
50 74
-17% -15% -15% -58% -34% 58%
$511 $754,079 $737,500 32% 38 119
-12% -13% -1.7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$624 $933,305 $911,500 68%
1% 6% 5%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
228
260
253
194
212
155
178
140
166
13
135
17
91
19
104
68
98
74
53
80
38
61
51
50
33
37
$925K $881K $880K
$912K $973K $950K
$825K $790K $780K $770K $800K
$738K $777K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
50
5
4+ bdrms
27
40
15
30
3 bdrms
50
20
33% 34%
33% 33%
13
23%
2 bdrms
10
40
0
<$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
6 2 33%
47 16 34%
52 12 23%
6 2 33%
3 1 33%
3 0 n/a
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