the rennie review - July 2023

north delta DETACHED -JUNE 2023

SALES TO LISTINGSRATIO 32% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 14% VS 2022

▲ 6% VS 2022

▲ 4% VS 2022

▲ 96% VS 2022

Therewere166 detached listingsin N orth D eltain June, 11% aboveM ayand 4% higherthan June2022. Junedetached hom esalesincreased by33% m onth-over-m onth,to53,and were96% aboveJune 2022. Thesales-to-listing ratio fordetached in N orth D elta,at 32% ,reflected aselers'm arket.

THISMONTH No. $1,569,978 $1,480,000 32% 53 166

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,374,484 $1,390,000 17% 27 160

14% 6% 89% 96% 4%

$1,553,282 $1,445,000 27% 40 150

1.1% 2% 20% 33% 11%

Thedetachedm edian pricein Junewas$1,480,000,a2% increasefrom M ayand 6% aboveJune2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,569,978,1.1% abovelast m onth and up 14% toJune2022.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

166

150

160

146

1.86

1.81

12

1.73

106

103

19

1.65

107

100

1.41

85

84

76

1.23

53

41

29

40

19

27

14

14

13

10

24

23

19

$1.39M

$1.40M $1.45M $1.48M

$1.29M $1.25M $1.30M $1.26M $1.29M $1.27M $1.29M $1.27M $1.30M

22-Jun

23-M ay 23-Jun

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

70

60

80%

50

40

30

43%

29%

20

22%

12%

10

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

5 4 80%

56 24 43%

69 20 29%

25 3 12%

9 2 22%

2 0 n/a

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