north delta DETACHED -MAY 202
SALES TO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 32% VS 2021
▲ 27% VS 2021
▼ 22% VS 2021
▼ 74% VS 2021
Therew ere 138 detached listingsin N orth D eltain M ay, 15% aboveApriland 22% lowerthan M ay2021. M ay detached hom esalesdecreased by 26% m onth-over-m onth,to25,and were74% below M ay 2021. Thesales-to-listing ratio fordetached in N orth D elta,at 18% ,reflected abalanced m arket.
THISMONTH No. $1,670,192 $1,555,000 18% 25 138
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$1,269,907 $1,228,000 54% 95 177
32% 27% -66% -74% -22%
$1,626,570 $1,586,500 28% 34 120
-36% -26% 15%
Thedetachedm edian pricein M aywas$1,555,000,a 2.0% decreasefrom Apriland 27% aboveM ay2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,670,192,3% abovelast m onth and up 32% toM ay2021.
3% -2%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
177
159
2.14
138
124
120
1.86
96
95
81
76
95
1.64
43 67
62
58 56
1.48
1.45
48
66
1.38
64
62
27 53
50
41
25
34
32
$1.66M $1.59M $1.56M $1.72M $1.72M
$1.50M $1.59M
$1.45M
$1.23M $1.20M
$1.23M $1.29M $1.33M
May-21
Apr-22
May-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
70
60
50
40
30
20
23%
22%
17%
13%
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
2 0 n/a
39 9 23%
70 12 17%
16 2 13%
9 2 22%
2 0 n/a
Copyright© June7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune7,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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