the rennie review - September 2022

north delta TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 44% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere25 townhom elistingsin N orth D eltain August,36% below Julyand 67% higherthan August 2021. Augusttownhom esalesincreased by57% m onth-over-m onth,to11,and were175% aboveAugust 2021. Thesales-to-listing ratio fortow nhom esin N orth D elta, at44% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$920,000,a 1.5% decreasefrom Julyand 0.3% aboveAugust2021. Theaveragesold pricewas$949,727,9% abovelast m onth;theaveragePSF salepricewas$516,down 13% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 4% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 3% VS 2021

▲ 0.3% VS 2021

▲ 67% VS 2021

▲ 175% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

11 25

$494 $918,750 $917,500 27% 4 15

4% 3% 0.3% 65% 175% 67%

$595 $873,143 $934,000 18% 7 39

-13% 9% -1.5% 145% 57% -36%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$516 $949,727 $920,000 44%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

39

30

35

21

25

15

12

12

1

1 10

1

7

6 6

5

10

3

8

8

2

4

7

5

3

$1.28M

$1.15M

$1.05M

$1.05M

$941K

$934K $920K

$918K $844K $834K

$800K

$749K

$662K

NORTH DELTA FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

12

6

10

4+ bdrms

8

8

75%

2

57%

3 bdrms

6

16

4

33%

2

2 bdrms

18%

2

1

0

1

<$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 1 n/a

4 3 75%

11 2 18%

7 4 57%

3 1 33%

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