the rennie review - October 2022

north delta DETACHED -SEPTEMBER 202

SALES TO LISTINGSRATIO 19% BALANCEDMARKET

▶ MARKETSUMMARY Therew ere 100 detached listingsin N orth D eltain Septem ber,16% below Augustand 32% higherthan Septem ber2021. Septem berdetached hom esalesdecreased by 34% m onth-over-m onth,to19,and were41% below Septem ber2021. Thesales-to-listing ratio fordetached in N orth D elta,at 19% ,reflected abalanced m arket. Thedetached m edian pricein Septem berwas $1,300,000,a4% increasefrom Augustand 2% below Septem ber2021. Theaveragesold pricewas$1,287,895,0.6% below last m onth and down 7% toSeptem ber2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 7% VS 2021

▼ 2% VS 2021

▲ 32% VS 2021

▼ 41% VS 2021

THISMONTH No. $1,287,895 $1,300,000 19% 19 100

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

32 76

-55% -41% 32%

$1,295,414 $1,255,000 24% 29 119

-0.6% 4% -22% -34% -16%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,378,047 $1,327,500 42%

-7% -2%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

160

146

140

1.74

120

1.57

19

96

1.51

1.49

100

1.47

1.36

95

76

62

57

56

67

48

53

50

29

27

43

32

41

34

19

27

27

24

$1.66M $1.59M $1.56M $1.72M $1.73M

$1.45M $1.50M $1.59M

$1.39M $1.29M $1.25M $1.30M

$1.33M

Sep-21

Aug-22

Sep-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

40

100%+

30

20

29%

10

5%

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

5 7 140%

35 10 29%

39 2 5%

12 0 n/a

6 0 n/a

3 0 n/a

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