north delta DETACHED -FEBRUARY 2023
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY Therew ere 85 detached listingsin N orth D eltain February,12% aboveJanuaryand 11% lowerthan February2022. February detached hom esalesincreased by 36% m onth-over-m onth,to19,and were67% below February 2022. Thesales-to-listing ratio fordetached in N orth D elta,at 22% ,reflected aselers'm arket. Thedetachedm edian pricein Februarywas$1,275,000, a0.9% decreasefrom Januaryand 26% below February 2022. Theaveragesold pricewas$1,351,249,3% abovelast m onth and down 27% toFebruary2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 27% VS 2022
▼ 26% VS 2022
▼ 11% VS 2022
▼ 67% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change -27% -26% -62% -67% -11%
No.
% Change
TOTALLISTINGS TOTALSALES
19 85
57 96
14 76
21% 36% 12%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,351,249 $1,275,000 22%
$1,306,179 $1,287,000 18%
$1,852,199 $1,725,900 59%
3% -0.9%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
160
146
140
1.90
120
12
106
19
96
1.571.60
1.54
100
95
85
1.38
84
1.35
76
56
57
29
27
34
14
10 13
19
27
24
19
14
$1.66M $1.59M $1.56M $1.73M
$1.39M $1.29M $1.25M $1.30M $1.26M $1.29M $1.27M $1.29M $1.27M
Feb-22
Jan-23
Feb-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
100%+
25
20
15
10
31%
5
11%
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
1 0 n/a
4 7 175%
26 8 31%
27 3 11%
18 1 6%
8 0 n/a
1 0 n/a
Copyright© March2,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMarch2,2023.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
26
Made with FlippingBook - professional solution for displaying marketing and sales documents online