the rennie review - August 2022

north delta TOWNHOME-JULY 202

SALES TO LISTINGSRATIO 18% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 20% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2021

▲ 17% VS 2021

▲ 160% VS 2021

▼ 56% VS 2021

Therewere39 townhom elistingsin N orth D eltain July, 13% below Juneand 160% higherthan July2021.

Julytownhom esalesincreased by40% m onth-over-m onth,to7,and were56% below July2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio fortow nhom esin N orth D elta, at18% ,reflected abalanced m arket.

TOTALLISTINGS TOTALSALES

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

16 15

-83% -56% 160%

$603 $822,800 $749,000 11% 5 45

-1.3% 6% 25% 62% 40% -13%

Thetownhom em edian pricein Julywas$934,000,a25% increasefrom Juneand 17% aboveJuly2021. Theaveragesold pricewas$873,143,6% abovelast m onth;theaveragePSF salepricewas$595,down 1.3% tolastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$495 $800,444 $797,500 107%

20% 9% 17%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

39

30 35

21

16

15

15

12

12

1

1

10

7

6 6

5

10

4

7

3

8

8

2

5

3

$1.28M

$1.15M

$1.05M

$1.05M

$941K

$934K

$918K $844K $834K

$798K

$800K

$749K

$662K

NORTH DELTA FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

14

1

4+ bdrms

12

14

10

6

8

3 bdrms

21

46%

6

4

2 bdrms

17%

3

2

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

6 1 17%

13 6 46%

14 0 n/a

5 0 n/a

1

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