the rennie review - May 2023

north delta DETACHED -APRIL 2023

SALES TO LISTINGSRATIO 38% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 7% VS 2022

▼ 12% VS 2022

▼ 11% VS 2022

▲ 21% VS 2022

Therew ere 107 detached listingsin N orth D eltain A pril, 4% aboveM arch and 11% lowerthan April2022. A prildetached hom esalesincreased by 78% m onth-over-m onth,to41,and were21% aboveApril 2022. Thesales-to-listing ratio fordetached in N orth D elta,at 38% ,reflected aselers'm arket.

THISMONTH No. $1,516,123 $1,400,000 38% 41 107

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,626,570 $1,586,500 28% 34 120

-7% -12% 35% 21% -11%

$1,336,043 $1,299,000 22% 23 103

13% 8% 72% 78% 4%

Thedetachedm edian pricein Aprilwas$1,400,000,a8% increasefrom M arch and 12% below April2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,516,123,13% abovelast m onth and down 7% toApril2022.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

160

146

140

2.14

12

120

106

103

19

107

1.82

100

1.67

85

84

76

1.48

1.42

1.38

41

29

27

34

19

14

13 14

10

27

24

23

19

$1.59M $1.56M

$1.39M

$1.30M $1.40M $1.29M $1.25M $1.30M $1.26M $1.29M $1.27M $1.29M $1.27M

22-Apr

23-M ar 23-Apr

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

40

80%

30

73%

20

10

22%

20%

10%

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

5 4 80%

33 24 73%

40 8 20%

18 4 22%

10 1 10%

1 0 n/a

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