the rennie review | September 2023

portm oody CONDO -AUGUST 2023

SALES TO LISTINGSRATIO 67% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 1.2% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 5% VS 2022

▲ 6% VS 2022

▼ 41% VS 2022

▲ 113% VS 2022

Therewere51 condolistingsin PortM oodyin August, 23% below Julyand 41% lowerthan August2022. Augustcondosalesdecreased by17% m onth-over-m onth,to34,and were113% aboveAugust 2022. Thesales-to-listing ratio forcondosin PortM oody,at 67% ,reflected aselers'm arket. Thecondom edian pricein Augustwas$730,000,a6% decreasefrom Julyand 6% aboveAugust2022. Theaveragesold pricewas$734,991,13% below last m onth;theaveragePSF salepricewas$846,up 1.9% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

34 51

16 87

1.2% 5% 6% 263% 113% -41%

41 66

1.9% -13% -6% 7% -17% -23%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$846 $734,991 $730,000 67%

$836 $703,213 $690,000 18%

$831 $849,697 $780,000 62%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

104

94

91

86

81

87

91

86

72

79

66

72

59

56

44

51

45

28

41

34

26

23

16

20

14

13

$780K $730K

$763K $711K

$713K $685K $734K $720K

$690K $688K $690K

$632K

$630K

PORTMOODY REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

25

100%+

4+ bdrms

20

90%

15

1 1

3 bdrms

50%

10

30%

24

2 bdrms

5

40

0

9

<$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

3 7 233%

21 19 90%

23 7 30%

2 1 50%

1 0 n/a

1 0 n/a

10

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