the rennie review - July 2023

north delta TOWNHOME-JUNE 2023

SALES TO LISTINGSRATIO 35% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 5% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 8% VS 2022

▲ 20% VS 2022

▼ 56% VS 2022

▲ 40% VS 2022

Therewere20 townhom elistingsin N orth D eltain June, 5% below M ayand 56% lowerthan June2022.

Junetownhom esalesdecreased by13% m onth-over-m onth,to7,and were40% aboveJune2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

Thesales-to-listing ratio fortow nhom esin N orth D elta, at35% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$571 $889,929 $898,000 35% 7 20

$603 $822,800 $749,000 11% 5 45

-5% 8% 20% 215% 40% -56%

$564 $1,031,750 $1,025,000 38% 8 21

1.1% -14% -12% -8% -13% -5%

Thetownhom em edian pricein Junewas$898,000,a 12% decreasefrom M ayand 20% aboveJune2022. Theaveragesold pricewas$889,929,14% below last m onth;theaveragePSF salepricewas$571,up 1.1% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 202 ● JUN 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

39

27

26

22

21

25 24

19

20

1

16

16

9

8

13

4

4

7

9

3

5

8

7

6

5

$1.02M

$1.01M

$948K

$934K $920K

$898K

$870K $865K $835K

$820K $828K $780K

$749K

NORTH DELTA FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

10

1

4+ bdrms

5

8

6

6

3 bdrms

13

50%

4

33%

2 bdrms

17%

2

2

0

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

S-L RATIO SALES INVENTORY

3 1 33%

10 5 50%

6 1 17%

1 0 n/a

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