LANGLEY/CLOVERDALE RESALE MARKET SUMMARY

MLS Resale Highlights

Resales for Low Rise and Townhome products decreased by 112 and 103, respectively, when compared to the First Quarter of 2022 Total listings decreased by two when compared to the same quarter last year

The sales range decreased by $175,000 on the lower-end and decreased by $262,500 on the upper-end for Townhome product since four quarters ago

Average price per square foot sales values decreased for Low Rise condominiums and Townhomes by $66 and $118 when compared to this quarter last year

The average price per square foot sales value for one and two bedroom Low Rise units decreased by $41 and $74, respectively, when compared to the First Quarter of 2022

Since the First Quarter of 2022, the months of supply for Townhome product has risen from 1.1 months to 1.2 months