north delta CONDO -MARCH 2023
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 12% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 17% VS 2022
▼ 23% VS 2022
▼ 14% VS 2022
▼ 77% VS 2022
Therewere24 condolistingsin N orth D eltain M arch, 33% aboveFebruaryand 14% lowerthan M arch 2022.
M arch condosalesdecreased by25% m onth-over-m onth, to3,and were77% below M arch 2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change -12% -17% -23% -73% -77% -14%
No.
% Change
Thesales-to-listing ratio forcondosin N orth D elta,at 13% ,reflected abalanced m arket.
TOTALLISTINGS TOTALSALES
$674 $551,667 $550,000 13% 3 24
13 28
$622 $629,003 $598,007 22% 4 18
8% -12% -8% -44% -25% 33%
Thecondom edian pricein M arch was$550,000,a8% decreasefrom Februaryand 23% below M arch 2022. Theaveragesold pricewas$551,667,12% below last m onth;theaveragePSF salepricewas$674,up 8% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$764 $661,231 $715,000 46%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
28
29 29
25
24
24
23
25
22
19
15
18
18
14
17
13
8
6
6
9
4
6
5
3
4
3
$715K
$678K
$610K $610K $625K
$598K
$550K
$537K $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
12
4+ bdrms
10
8
3 bdrms
3
6
4
1
2 bdrms
17% 17%
12
2
0
2
<$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
3 0 n/a
12 2 17%
6 1 17%
3 0 n/a
9
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