north delta CONDO -APRIL 2023
SALES TO LISTINGSRATIO 60% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 11% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 5% VS 2022
▼ 3% VS 2022
▼ 31% VS 2022
▲ 33% VS 2022
Therewere20 condolistingsin N orth D eltain April, 17% below M arch and 31% lowerthan April2022.
Aprilcondosalesincreased by300% m onth-over-m onth, to12,and were33% aboveApril2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin N orth D elta,at 60% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
12 20
$745 $548,278 $537,000 31% 9 29
-11% -5% -3% 93% 33% -31%
$674 $551,667 $550,000 13% 3 24
-1.3% -5% -5% 380% 300% -17%
Thecondom edian pricein Aprilwas$520,000,a5% decreasefrom M arch and 3% below April2022. Theaveragesold pricewas$523,242,5% below last m onth;theaveragePSF salepricewas$665,down 1.3% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$665 $523,242 $520,000 60%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
29
29
25
24
24
23
25
22
20
19
15
18
18
14
17
12
8
6
6
9
4
6
5
4
3
3
$678K
$610K $610K $625K
$598K
$550K $520K
$537K $541K
$509K $512K
$500K $490K
NORTH DELTA FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
12
100%+
10
4+ bdrms
8
64%
1 1
60%
3 bdrms
6
4
6
2 bdrms
2
12
0
5
<$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
1 2 200%
11 7 64%
5 3 60%
3 0 n/a
7
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