portm oody DETACHED -JULY 2023
SALES TO LISTINGSRATIO 29% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 4% VS 2022
▲ 13% VS 2022
▼ 7% VS 2022
▲ 29% VS 2022
Therewere63 detachedlistingsin PortM oodyin July, 7% below Juneand 7% lowerthan July2022. July detached hom esalesdecreased by 14% m onth-over-m onth,to18,and were29% aboveJuly 2022. Thesales-to-listing ratio fordetached in PortM oody,at 29% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
18 63
14 68
-4% 13% 39% 29% -7%
21 68
6% -5% -7% -14% -7%
Thedetachedm edian pricein Julywas$1,922,500,a5% decreasefrom Juneand 13% aboveJuly2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,289,722 $1,922,500 29%
$2,157,238 $2,015,000 31%
$2,382,571 $1,699,000 21%
Theaveragesold pricewas$2,289,722,6% abovelast m onth and down 4% toJuly2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
68
68
63
55
2.06
58
46
52
43
41
1.85
49
1.68
40
40
1.51
32
22
21
1.38
18
12
1
1
1.20
14
9
16
15
5
4
8
$2.26M
$2.10M
$2.02M $1.92M
$1.82M $1.87M
$1.80M $1.89M $1.85M
$1.78M
$1.70M
$1.67M
$1.50M
22-Jul
23-Jun 23-Jul
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
15
75%
10
43%
33%
5
20%
18%
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
2 0 n/a
4 3 75%
18 6 33%
15 3 20%
7 3 43%
17 3 18%
Copyright© August3,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftheren iegroupofcom panies.CurentasofAugust3,2023.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.
●
35
Made with FlippingBook - professional solution for displaying marketing and sales documents online