the rennie review - May 2023

north delta TOWNHOME-APRIL 2023

SALES TO LISTINGSRATIO 56% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 2% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 10% VS 2022

▼ 18% VS 2022

▼ 47% VS 2022

▲ 80% VS 2022

Therewere16 townhom elistingsin N orth D eltain April, 16% below M arch and 47% lowerthan April2022. Apriltownhom esalesincreased by13% m onth-over-m onth,to 9,and were80% aboveApril 2022. Thesales-to-listing ratio fortow nhom esin N orth D elta, at56% ,reflected aselers'm arket. Thetownhom em edian pricein Aprilwas$948,000,a 22% increasefrom M arch and 18% below April2022. Theaveragesold pricewas$988,100,21% abovelast m onth;theaveragePSF salepricewas$595,up 16% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$595 $988,100 $948,000 56% 9 16

$609 $1,102,600 $1,150,000 17% 5 30

-2% -10% -18% 238% 80% -47%

$512 $815,063 $779,750 42% 8 19

16% 21% 22% 34% 13% -16%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 202 ● APR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

39

35

30

27

26

22

25

19

24

16

1

16

9

8

13

9

5

4

4

3

5 2

7

6

5

$1.15M

$1.05M

$1.01M

$948K

$934K $920K

$870K $865K $835K

$820K $828K $780K

$749K

NORTH DELTA FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

4

8

4+ bdrms

7

6

5

3 bdrms

56%

7

50%

4

33%

2 bdrms

2

2

0

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

S-L RATIO SALES INVENTORY

3 1 33%

9 5 56%

4 2 50%

0 1 n/a

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