north delta DETACHED -JULY 202
SALES TO LISTINGSRATIO 16% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 7% VS 2021
▲ 5% VS 2021
▲ 18% VS 2021
▼ 63% VS 2021
Therew ere 146 detached listingsin N orth D eltain July, 9% below Juneand 18% higherthan July2021. July detached hom esalesdecreased by 11% m onth-over-m onth,to24,and were63% below July 2021. Thesales-to-listing ratio fordetached in N orth D elta,at 16% ,reflected abalanced m arket.
THISMONTH No. $1,371,242 $1,290,000 16% 24 146
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$1,284,945 $1,230,500 52% 64 124
-68% -63% 18%
$1,374,484 $1,390,000 17% 27 160
-0.2% -7% -3% -11% -9%
Thedetachedm edian pricein Julywas$1,290,000,a7% decreasefrom Juneand 5% aboveJuly2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,371,242,0.2% below last m onth and up 7% toJuly2021.
7% 5%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
160
140
146
124
120
1.86
1.79
96
1.54
1.53
76
95 56
67
62
62
1.38
81
57
64
48
1.23
43
53
50
27
41
34
24
32
27
27
$1.66M $1.59M $1.56M $1.72M $1.73M
$1.50M $1.59M
$1.45M
$1.39M $1.29M
$1.23M $1.29M $1.33M
Jul-21
Jun-22
Jul-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
70
60
90%
50
40
30
20
19%
10
9%
7%
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
10 9 90%
43 8 19%
65 6 9%
14 1 7%
10 0 n/a
4 0 n/a
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .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.
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