the rennie review - January 2023

north delta DETACHED -DECEMBER 202

SALESTO LISTINGSRATIO 15% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 23% VS2021

▼ 20% VS2021

▲ 105% VS2021

▼ 73% VS2021

Therew ere84 detached listingsin N orth D eltain D ecem ber,21% below N ovem berand 105% higherthan D ecem ber2021. D ecem berdetached hom esalesincreased by 30% m onth-over-m onth,to13,and were73% below D ecem ber2021. Thesales-to-listing ratio fordetached in N orth D elta,at 15% ,reflected abalanced m arket. Thedetachedm edian pricein D ecem berwas$1,268,000, a1.7% decreasefrom N ovem berand 20% below D ecem ber2021. Theaveragesold pricewas$1,291,769,9% below last m onth and down 23% toD ecem ber2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change -23% -20% -87% -73% 105%

%Change

No. 9% 10 106

TOTALLISTINGS TOTALSALES

13 84

48 41

-9% -1.7% 64% 30% -21%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,291,769 $1,268,000 15%

$1,667,756 $1,586,500 117%

$1,418,667 $1,290,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

160

146

140

1.99

120

12

106

19

96

1.69

1.62

100

95

1.54

84

57

56

48

1.26

1.23

53

41

29

27

34

14

10

27

27

24

13

19

$1.66M $1.59M $1.56M $1.72M $1.73M

$1.59M

$1.39M $1.29M $1.25M $1.30M $1.26M $1.29M $1.27M

Dec-21

Nov-22

Dec-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

35

100%

30

25

20

15

10

19%

5

4%

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-LRATIO SALES INVENTORY

1 0 n/a

6 6 100%

32 6 19%

23 1 4%

16 0 n/a

5 0 n/a

1 0 n/a

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