north delta CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 27% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2022
▼ 11% VS 2022
▼ 33% VS 2022
▼ 73% VS 2022
Therewere18 condolistingsin N orth D eltain February, 6% aboveJanuaryand 33% lowerthan February2022. February condo salesincreased by 33% m onth-over-m onth,to 4,and were73% below February 2022. Thesales-to-listing ratio forcondosin N orth D elta,at 22% ,reflected aselers'm arket. Thecondom edian pricein Februarywas$598,007,a 17% increasefrom Januaryand 11% below February 2022. Theaveragesold pricewas$629,003,22% abovelast m onth;theaveragePSF salepricewas$622,up 28% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$622 $629,003 $598,007 22% 4 18
15 27
-27% -3% -11% -60% -73% -33%
$488 $515,267 $512,000 18% 3 17
28% 22% 17% 26% 33% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$857 $651,140 $674,000 56%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
29 29
27 28
25
24
23
25
22
18
19
15
18
14
17
15
13
8
6
6
9
6
4
5
4
3
$674K $715K
$678K
$610K $610K $625K
$598K
$537K $541K
$509K $512K
$500K $490K
NORTH DELTA FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
12
100%
10
4+ bdrms
8
2 2
3 bdrms
6
4
2
2 bdrms
18% 20%
2
8
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
1 0 n/a
11 2 18%
5 1 20%
1 1 100%
8
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