the rennie review - November 2022

north delta TOWNHOME-OCTOBER 202

SALES TO LISTINGSRATIO 33% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere27 townhom elistingsin N orth D eltain O ctober,13% aboveSeptem berand 350% higherthan October2021. O ctobertownhom esalesincreased by200% m onth-over-m onth,to 9,and were50% aboveO ctober 2021. Thesales-to-listing ratio fortow nhom esin N orth D elta, at33% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$865,000,a 0.6% decreasefrom Septem berand 4% aboveO ctober 2021. Theaveragesold pricewas$836,667,5% below last m onth;theaveragePSF salepricewas$532,up 5% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 0.4% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 5% VS 2021

▲ 4% VS 2021

▲ 350% VS 2021

▲ 50% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

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

6 6

-0.4% 5% 4% -67% 50% 350%

$506 $876,667 $870,000 13% 3 24

-0.6% 167% 200% 13%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$534 $797,900 $834,000 100%

5% -5%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2021 ● OCT 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

39

30

35

27

21

25 24

12

12

1 10

1

9

7

6

5

6

3

3

8

8

2

7

5

3

$1.28M

$1.15M

$1.05M

$1.05M

$941K

$934K $920K $870K $865K

$834K

$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

4+ bdrms

10

8

8

6

3 bdrms

17

6

50%

4

29%

2 bdrms

17%

2

2

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

1 0 n/a

7 2 29%

12 6 50%

6 1 17%

1 0 n/a

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