the rennie review - July 2022

north delta TOWNHOME-JUNE 202

SALES TO LISTINGSRATIO 11% BUYERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 17% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 10% VS 2021

▼ -0.1% VS 2021

▲ 96% VS 2021

▼ 74% VS 2021

Therewere45 townhom elistingsin N orth D eltain June, 28% aboveM ayand 96% higherthan June2021.

Junetownhom esalesincreased by150% m onth-over-m onth,to5,and were74% below June2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio fortow nhom esin N orth D elta, at11% ,reflected abuyers'm arket.

TOTALLISTINGS TOTALSALES

$603 $822,800 $749,000 11% 5 45

19 23

17% 10% -0.1% -87% -74% 96%

$613 $1,049,500 $1,049,500 6% 2 35

-1.7% -22% -29% 94% 150% 29%

Thetownhom em edian pricein Junewas$749,000,a 28% decreasefrom M ayand 0.1% below June2021. Theaveragesold pricewas$822,800,22% below last m onth;theaveragePSF salepricewas$603,down 1.7% tolastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$516 $746,168 $749,900 83%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2021 ● JUN 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

30

35

23

21

19

16

15

12

12

1

1

10

15

7

6 6

10

3

8

8

5

2

5

4

3

$1.28M

$1.15M

$1.05M

$1.05M

$941K

$918K $844K $834K

$800K

$750K $798K

$749K

$662K

NORTH DELTA FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

4+ bdrms

15

14

5

3 bdrms

10

28

50%

5

2 bdrms

3

13%

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 3 50%

16 2 13%

18 0 n/a

5 0 n/a

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