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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