the rennie review - August 2023

north delta TOWNHOME-JULY 2023

SALES TO LISTINGSRATIO 53% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 4% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 13% VS 2022

▲ 8% VS 2022

▼ 51% VS 2022

▲ 43% VS 2022

Therewere19 townhom elistingsin N orth D eltain July, 5% below Juneand 51% lowerthan July2022. Julytownhom esalesincreased by43% m onth-over-m onth,to10,and were43% aboveJuly 2022. Thesales-to-listing ratio fortow nhom esin N orth D elta, at53% ,reflected aselers'm arket. Thetownhom em edian pricein Julywas$1,011,250,a 13% increasefrom Juneand 8% aboveJuly2022. Theaveragesold pricewas$987,430,11% abovelast m onth;theaveragePSF salepricewas$574,up 0.6% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

10 19

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

-4% 13% 8% 193% 43% -51%

$571 $889,929 $898,000 35% 7 20

0.6% 11% 13% 50% 43% -5%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$574 $987,430 $1,011,250 53%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 202 ● JUL 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

39

27

26

22

21

25

24

19

19

20

1

16

16

9

13

8

10

7

9

3

8

7

6

5

4

4

$1.02M

$1.01M

$1.01M

$948K

$934K $920K

$898K

$870K $865K $835K

$820K $828K $780K

NORTH DELTA FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

10

6

100%

4+ bdrms

3

8

4

6

3 bdrms

14

4

33%

30%

2 bdrms

2

2

0

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

S-L RATIO SALES INVENTORY

0 1 n/a

3 1 33%

10 3 30%

5 5 100%

1 0 n/a

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