the rennie review- December 2022

north delta TOWNHOME-NOVEMBER 202

SALES TO LISTINGSRATIO 15% BALANCEDMARKET

▶ MARKETSUMMARY Therewere26 townhom elistingsin N orth D eltain N ovem ber,4% below O ctoberand 117% higherthan N ovem ber2021. N ovem bertownhom esalesdecreased by56% m onth-over-m onth,to 4,and were33% aboveN ovem ber 2021. Thesales-to-listing ratio fortow nhom esin N orth D elta, at15% ,reflected abalanced m arket. Thetownhom em edian pricein N ovem berwas$835,000, a3% decreasefrom O ctoberand 26% aboveN ovem ber 2021. Theaveragesold pricewas$780,950,7% below last m onth;theaveragePSF salepricewas$487,down 8% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 18% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 0.1% VS 2021

▲ 26% VS 2021

▲ 117% VS 2021

▲ 33% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$487 $780,950 $835,000 15% 4 26

$594 $781,500 $661,500 25% 3 12

-18% -0.1% 26% -38% 33% 117%

$532 $836,667 $865,000 33% 9 27

-54% -56% -4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

-8% -7% -3%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2021 ● NOV 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

39

30

35

27

26

21

25 24

12

1

1

10

12

9

7

5

3

8

8

2

7

4

3

5

3

$1.28M

$1.15M

$1.05M

$1.05M

$941K

$934K

$920K $870K $865K $835K

$800K

$749K

$662K

NORTH DELTA FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

12

3

10

4+ bdrms

7

8

1

3 bdrms

6

18

4

27%

2 bdrms

2

1

0

<$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

0 1 n/a

7 0 n/a

11 3 27%

6 0 n/a

2 0 n/a

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