the rennie review | September 2023

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%

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