the rennie review | September 2023

north delta DETACHED -AUGUST 2023

SALES TO LISTINGSRATIO 14% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 29% VS 2022

▲ 20% VS 2022

▲ 55% VS 2022

▼ 14% VS 2022

Therew ere 185 detached listingsin N orth D eltain August,3% aboveJulyand 55% higherthan August2022. Augustdetached hom esalesdecreased by19% m onth-over-m onth,to25,and were14% below August 2022. Thesales-to-listing ratio fordetached in N orth D elta,at 14% ,reflected abalanced m arket.

THISMONTH No. $1,668,825 $1,510,000 14% 25 185

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

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

29% 20% -45% -14% 55%

$1,475,226 $1,451,000 17% 31 179

13% 4% -22% -19% 3%

Thedetachedm edian pricein Augustwas$1,510,000,a 4% increasefrom Julyand 20% aboveAugust2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,668,825,13% abovelast m onth and up 29% toAugust2022.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

185

166

179

150

1.94

1.77

12

19

106

103

1.67

107

100

1.47

1.43

85

84

1.36

76

53

41

29

40

14

14

25

13

10

31

23

19

19

$1.45M $1.48M $1.45M $1.51M

$1.40M

$1.25M $1.30M $1.26M $1.29M $1.27M $1.29M $1.27M $1.30M

22-Aug

23-Jul 23-Aug

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

80

60

40

50%

20

17%

16%

14%

14%

10%

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

2 0 n/a

6 1 17%

70 11 16%

77 8 10%

21 3 14%

7 1 14%

2 1 50%

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