the rennie review - September 2022

surey DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 12% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 4% VS 2021

▼ 3% VS 2021

▲ 29% VS 2021

▼ 60% VS 2021

Therewere1,323 detachedlistingsin Sur eyin August, -7% below Julyand 29% higherthan August2021. Augustdetached hom esalesincreased by11% m onth-over-m onth,to163,and were60% below August 2021. Thesales-to-listing ratio fordetached in Sur ey,at12% , reflected abalanced m arket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

12% 163 1,323

40% 409 1,023

-69% -60% 29%

10% 147 1,418

0.9% -8% 19% 11% -7%

Thedetachedm edian pricein Augustwas$1,418,000,a 8% decreasefrom Julyand 3% below August2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,638,833,0.9% abovelast m onth and up 4% toAugust2021.

$1,623,743 $1,537,000

$1,638,833 $1,418,000

$1,569,772 $1,460,000

4% -3%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,418

1,488

1,448

1,323

1.97

1,285

1,12

1.81

1,023

1.76

91

901

1.59

1.59

1.56

698

782

487

451

585

385

409

400 385

196

353

348

276

270

163

212

147

$1.89M $1.90M $1.83M

$1.75M $1.65M $1.60M

$1.54M $1.42M

$1.51M $1.55M $1.65M $1.66M

$1.46M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

400

87%

300

200

100

19%

17%

10%

9%

7%

4%

3%

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

35 6 17%

1 0 n/a

11 1 9%

52 45 87%

198 38 19%

443 43 10%

236 17 7%

160 7 4%

187 6 3%

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