north delta CONDO -SEPTEMBER 202
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere23 condolistingsin N orth D eltain Septem ber,5% aboveAugustand 23% lowerthan Septem ber2021. Septem bercondosalesdecreased by17% m onth-over-m onth,to 5,and were74% below Septem ber 2021. Thesales-to-listing ratio forcondosin N orth D elta,at 22% ,reflected aselers'm arket. Thecondom edian pricein Septem berwas$500,000,a 20% decreasefrom Augustand 11% below Septem ber 2021. Theaveragesold pricewas$517,900,17% below last m onth;theaveragePSF salepricewas$745,up 8% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 24% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 2.0% VS 2021
▼ 11% VS 2021
▼ 23% VS 2021
▼ 74% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$745 $517,900 $500,000 22% 5 23
19 30
24% -2% -11% -66% -74% -23%
$687 $627,345 $624,500 27% 6 22
8% -17% -20% -20% -17% 5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$601 $528,263 $560,000 63%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
30
28
27
29 29
24
25
21
23
22
22
18
19
15
15
15
14
13
13
1
10
6
9
5
6
6
$674K $674K $715K
$610K $610K $625K
$582K
$560K
$537K $541K
$517K $516K
$500K
NORTH DELTA FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
10
4+ bdrms
8
6
3 bdrms
4
4
33%
30%
3
2 bdrms
17%
2
9
0
2
<$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
3 1 33%
10 3 30%
6 1 17%
4 0 n/a
10
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 28 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online