the rennie review - September 2022

north delta CONDO -AUGUST 202

SALES TO LISTINGSRATIO 27% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 30% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 31% VS 2021

▲ 36% VS 2021

▼ 27% VS 2021

▼ 65% VS 2021

Therewere22 condolistingsin N orth D eltain August, 8% below Julyand 27% lowerthan August2021. Augustcondosalesrem ained thesam e m onth-over-m onth,at6,and were65% below August 2021. Thesales-to-listing ratio forcondosin N orth D elta,at 27% ,reflected aselers'm arket. Thecondom edian pricein Augustwas$624,500,a2% increasefrom Julyand 36% aboveAugust2021. Theaveragesold pricewas$627,345,9% abovelast m onth;theaveragePSF salepricewas$687,down 9% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$687 $627,345 $624,500 27% 6 22

17 30

30% 31% 36% -52% -65% -27%

$752 $573,735 $610,000 25% 6 24

-9% 9% 2% 9% 0% -8%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$530 $479,365 $460,000 57%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

30

28

27

30

29 29

24

25

21

22

19

22

18

17

15

15

15

14

13

13

1

10

9

6

6

6

$674K $674K $715K

$610K $610K $625K

$582K

$560K

$537K $541K

$517K $516K

$460K

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

80%

6

3 bdrms

3

4

6

2 bdrms

20%

2

9

0

<$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

10 2 20%

5 4 80%

4 0 n/a

10

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