the rennie review - July 2022

north delta CONDO -JUNE 202

SALES TO LISTINGSRATIO 60% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 19% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 13% VS 2021

▲ 16% VS 2021

▼ 38% VS 2021

▲ 25% VS 2021

Therewere25 condolistingsin N orth D eltain June,14% below M ayand 38% lowerthan June2021.

Junecondo salesincreased by7% m onth-over-m onth,to 15,and were25% aboveJune2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin N orth D elta,at 60% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

15 25

12 40

19% 13% 16% 100% 25% -38%

14 29

13% 24% 7% -14%

Thecondom edian pricein Junewas$610,000,a13% increasefrom M ayand 16% aboveJune2021. Theaveragesold pricewas$591,733,4% abovelast m onth;theaveragePSF salepricewas$706,down 4% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$706 $591,733 $610,000 60%

$592 $522,575 $527,800 30%

$732 $569,214 $540,500 48%

-4% 4%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2021 ● JUN 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

40

30

34

29 29

27

30

28

25

22

21

19

17

15

15

14

18

13

15

1

12

13

1

10

9

6

$674K $674K $715K

$610K

$582K

$560K

$537K $541K

$528K

$517K $516K

$445K $460K

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

78%

8

2 2

3 bdrms

6

55%

4

9

25%

2 bdrms

2

13

0

4

<$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 1 100%

11 6 55%

9 7 78%

4 1 25%

10

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