langley CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 21% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 2% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 14% VS 2022
▼ 13% VS 2022
▲ 152% VS 2022
▼ 50% VS 2022
Therewere229 condolistingsin Langleyin January,17% aboveD ecem berand 152% higherthan January2022. January condo salesdecreased by 16% m onth-over-m onth,to 48,and were50% below January 2022. Thesales-to-listing ratio forcondosin Langley,at21% , reflected abalanced m arket. Thecondom edian pricein Januarywas$526,500,a4% changefrom D ecem berand 13% below January2022. Theaveragesold pricewas$532,166,0.1% abovelast m onth;theaveragePSF salepricewas$649,up 3% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$649 $532,166 $526,500 21% 48 229
96 91
-2% -14% -13% -80% -50% 152%
$629 $531,473 $506,000 29% 57 196
3% 0.1% 4% -28% -16% 17%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$665 $617,811 $605,500 105%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
297
31
290
273
265
248
229
244
190
209
169
196
10
91
86
120
96
109
91
90
48
64
62
60
57
$606K $610K $615K $581K $583K
$564K $550K $555K
$523K $538K
$494K $506K $527K
LANGLEY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
4+ bdrms
80%
100
3
80
3 bdrms
23
60
40
32
25%
2 bdrms
15%
148
20
0
13
<$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
5 4 80%
132 33 25%
74 11 15%
14 0 n/a
4 0 n/a
58
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