the rennie review - November 2022

north delta CONDO -OCTOBER 202

SALES TO LISTINGSRATIO 42% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 27% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 9% VS 2021

▼ 5% VS 2021

▼ 14% VS 2021

▼ 56% VS 2021

Therewere19 condolistingsin N orth D eltain O ctober, 17% below Septem berand 14% lowerthan October2021. O ctobercondosalesincreased by60% m onth-over-m onth,to 8,and were56% below O ctober 2021. Thesales-to-listing ratio forcondosin N orth D elta,at 42% ,reflected aselers'm arket. Thecondom edian pricein Octoberwas$489,500,a2% decreasefrom Septem berand 5% below O ctober2021. Theaveragesold pricewas$461,125,11% below last m onth;theaveragePSF salepricewas$442,down 41% tolastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$442 $461,125 $489,500 42% 8 19

18 22

-27% -9% -5% -49% -56% -14%

$745 $517,900 $500,000 22% 5 23

-41% -11% -2% 94% 60% -17%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$604 $504,668 $516,667 82%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2021 ● OCT 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

27

29 29

28

24

23

25

21

22

22

18

19

15

15

15

14

13

13

1

10

8

6

9

6

6

5

$674K $674K $715K

$610K $610K $625K

$582K

$537K $541K

$517K $516K

$500K $490K

NORTH DELTA FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

8

4+ bdrms

6

63%

3 bdrms

5

4

5

2

2 bdrms

14%

7

0

3

<$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 2 n/a

8 5 63%

7 1 14%

4 0 n/a

7

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