north delta CONDO -JULY 2023
SALES TO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.8% VS 2022
▼ 15% VS 2022
▲ 58% VS 2022
▲ 17% VS 2022
Therewere38 condolistingsin N orth D eltain July,41% aboveJuneand 58% higherthan July2022.
Julycondosalesrem ained thesam em onth-over-m onth, at7,and were17% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin N orth D elta,at 18% ,reflected abalanced m arket.
TOTALLISTINGS TOTALSALES
$689 $578,357 $520,000 18% 7 38
$752 $573,735 $610,000 25% 6 24
-8% 0.8% -15% -26% 17% 58%
$676 $574,571 $520,000 26% 7 27
1.9% 0.7% 0% -29% 0% 41%
Thecondom edian pricein Julywas$520,000,a0% changefrom Juneand 15% below July2022. Theaveragesold pricewas$578,357,0.7% abovelast m onth;theaveragePSF salepricewas$689,up 1.9% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 202 ● JUL 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
38
25
24
23
27
24
22
20 20
19
18
18
17
12
8
6
6
7
4
6
8
3
3
7
5
4
$678K
$610K $625K
$598K
$566K
$550K $520K
$520K $520K
$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
20
4+ bdrms
15
1
3 bdrms
10
2
36%
3
25%
5
2 bdrms
24
5%
0
3
<$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
14 5 36%
19 1 5%
4 1 25%
12
Copyright© August3,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftheren iegroupofcom panies.CurentasofAugust3,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 28 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online