north delta CONDO -MAY 2023
SALES TO LISTINGSRATIO 40% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 4% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.4% VS 2022
▲ 5% VS 2022
▼ 31% VS 2022
▼ 43% VS 2022
Therewere20 condolistingsin N orth D eltain M ay,no changetoApriland 31% lowerthan M ay2022.
M aycondosalesdecreased by33% m onth-over-m onth, to8,and were43% below M ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin N orth D elta,at 40% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$706 $571,500 $565,500 40% 8 20
14 29
-4% 0.4% 5% -17% -43% -31%
12 20
-33% -33% 0%
Thecondom edian pricein M aywas$565,500,a9% increasefrom Apriland 5% aboveM ay2022. Theaveragesold pricewas$571,500,9% abovelast m onth;theaveragePSF salepricewas$706,up 6% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$732 $569,214 $540,500 48%
$665 $523,242 $520,000 60%
6% 9% 9%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
29
25
24
24
23
25
22
20
20
19
15
18
18
17
14
12
8
6
6
8
4
6
5
4
3
3
$678K
$610K $610K $625K
$598K
$566K
$550K $520K
$541K
$509K $512K
$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
10
4+ bdrms
8
67%
1 1
6
3 bdrms
40%
4
4
2 bdrms
2
13
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
10 4 40%
6 4 67%
4 0 n/a
6
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