the rennie review - June 2022

north delta TOWNHOME-MAY 202

SALES TO LISTINGSRATIO 6% BUYERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 30% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 39% VS 2021

▲ 40% VS 2021

▲ 100% VS 2021

▼ 88% VS 2021

Therewere32 townhom elistingsin N orth D eltain M ay, 7% aboveApriland 100% higherthan M ay2021.

M aytownhom esalesdecreased by60% m onth-over-m onth,to2,and were88% below M ay2021.

THISMONTH No. $613 $1,049,500 $1,049,500 6% 2 32

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio fortow nhom esin N orth D elta, at6% ,reflected abuyers'm arket.

TOTALLISTINGS TOTALSALES

17 16

-94% -88% 100%

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

0.6% -5% -9% -63% -60% 7%

Thetownhom em edian pricein M aywas$1,049,500,a 9% decreasefrom Apriland 40% aboveM ay2021. Theaveragesold pricewas$1,049,500,5% below last m onth;theaveragePSF salepricewas$613,up 0.6% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$470 $756,082 $749,900 106%

30% 39% 40%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2021 ● MAY 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

30

32

23

21

16

17

19

15

16

12

12

15

1

1

10

7

10

6 6

8

8

5

4

2

3

3

$1.28M

$1.15M

$1.05M

$1.05M

$941K

$918K $844K $834K

$800K

$750K $750K $798K

$662K

NORTH DELTA FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

12

4+ bdrms

10

8

8

2

3 bdrms

22

6

4

2 bdrms

2

2

9% 8%

0

<$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

6 0 n/a

9%

12 1 8%

3 0 n/a

11 1

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