the rennie review - September 2022

north delta DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 24% SELLERS'M ARKET

▶ MARKETSUMMARY Therew ere 119 detached listingsin N orth D eltain August,18% below Julyand 47% higherthan August 2021. Augustdetached hom esalesincreased by21% m onth-over-m onth,to29,and were53% below August 2021. Thesales-to-listing ratio fordetached in N orth D elta,at 24% ,reflected aselers'm arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 4% VS 2021

▼ 3% VS 2021

▲ 47% VS 2021

▼ 53% VS 2021

THISMONTH No. $1,295,414 $1,255,000 24% 29 119

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

62 81

-68% -53% 47%

$1,371,242 $1,290,000 16% 24 146

48% 21% -18%

Thedetachedm edian pricein Augustwas$1,255,000,a 3% decreasefrom Julyand 3% below August2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,343,384 $1,287,500 77%

Theaveragesold pricewas$1,295,414,6% below last m onth and down 4% toAugust2021.

-6% -3%

-4% -3%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

160

146

140

1.99

120

19

96

95

76

1.53

81

1.47

67

62

1.40

1.38

1.36

57

56

62

48

43

53

50

27

41

29

34

32

27

27

24

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

$1.45M $1.50M $1.59M

$1.39M $1.29M $1.25M

$1.29M $1.33M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

100%+

50

40

30

45%

20

10

6%

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-L RATIO SALES INVENTORY

0 1 n/a

8 11 138%

31 14 45%

54 3 6%

15 0 n/a

8 0 n/a

3 0 n/a

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