portm oody DETACHED -AUGUST 2023
SALES TO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 28% VS 2022
▲ 21% VS 2022
▲ 14% VS 2022
▲ 140% VS 2022
Therewere66 detachedlistingsin PortM oodyin August,5% aboveJulyand 14% higherthan August2022. Augustdetached hom esalesdecreased by33% m onth-over-m onth,to12,and were140% aboveAugust 2022. Thesales-to-listing ratio fordetached in PortM oody,at 18% ,reflected abalanced m arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
12 66
$1,598,600 $1,500,000 9% 5 58
111% 140% 14%
18 63
-11% -6% -36% -33% 5%
Thedetachedm edian pricein Augustwas$1,814,440,a 6% decreasefrom Julyand 21% aboveAugust2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,047,982 $1,814,440 18%
$2,289,722 $1,922,500 29%
Theaveragesold pricewas$2,047,982,11% below last m onth and up 28% toAugust2022.
28% 21%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
68
66
55
63
58
2.06
46
52
43
1.90
41
49
40
40
1.59
32
22
21
1.36
18
1.31
12
1
1
1.20
9
16
12
15
4
5
8
$2.26M
$2.10M
$1.92M $1.81M
$1.87M $2.02M
$1.80M $1.89M $1.85M
$1.78M $1.82M
$1.67M
$1.50M
22-Aug
23-Jul 23-Aug
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
20
15
50%
10
32%
27%
5
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
1 0 n/a
2 1 50%
19 6 32%
15 4 27%
8 0 n/a
21 1 5%
Copyright© Septem ber5,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber5,2023.Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
35
Made with FlippingBook - professional solution for displaying marketing and sales documents online