the rennie review | September 2023

north delta CONDO -AUGUST 2023

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 8% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 13% VS 2022

▼ 18% VS 2022

▲ 82% VS 2022

▲ 67% VS 2022

Therewere40 condolistingsin N orth D eltain August, 5% aboveJulyand 82% higherthan August2022.

Augustcondosalesincreased by43% m onth-over-m onth, to10,and were67% aboveAugust2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin N orth D elta,at 25% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

10 40

$687 $627,345 $624,500 27% 6 22

-8% -13% -18% -8% 67% 82%

$689 $578,357 $520,000 18% 7 38

36% 43% 5%

Thecondom edian pricein Augustwas$510,000,a1.9% decreasefrom Julyand 18% below August2022. Theaveragesold pricewas$543,200,6% below last m onth;theaveragePSF salepricewas$635,down 8% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$635 $543,200 $510,000 25%

-8% -6% -1.9%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

38

40

25

24

23

27

22

20 20

19

18

18

17

8

10

12

6

4

6

3

3

8

7 7

5

4

$678K

$625K

$598K

$566K

$550K $520K

$520K $520K $510K

$509K $512K

$500K $490K

NORTH DELTA FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

100%

4+ bdrms

15

3 bdrms

10

2

28%

6

5

25%

2 bdrms

18%

22

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%

18 5 28%

17 3 18%

4 1 25%

16

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