the rennie review - August 2022

north delta CONDO -JULY 202

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 51% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 25% VS 2021

▲ 37% VS 2021

▼ 29% VS 2021

▼ 45% VS 2021

Therewere24 condolistingsin N orth D eltain July,4% below Juneand 29% lowerthan July2021.

Julycondosalesdecreased by60% m onth-over-m onth,to 6,and were45% below July2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin N orth D elta,at 25% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$752 $573,735 $610,000 25% 6 24

11 34

51% 25% 37% -23% -45% -29%

15 25

-58% -60% -4%

Thecondom edian pricein Julywas$610,000,a0% changefrom Juneand 37% aboveJuly2021. Theaveragesold pricewas$573,735,3% below last m onth;theaveragePSF salepricewas$752,up 7% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$497 $458,455 $445,000 32%

$706 $591,733 $610,000 60%

7% -3% 0%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

34

30

29 29

27

30

28

24

21

25

19

22

17

15

15

15

14

18

13

13

1

1

10

9

6

6

$674K $674K $715K

$610K $610K

$582K

$560K

$537K $541K

$517K $516K

$445K $460K

NORTH DELTA FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

12

100%

10

4+ bdrms

8

3 bdrms

6

3

38%

4

4

2 bdrms

18%

2

13

0

2

<$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 1 100%

11 2 18%

8 3 38%

4 0 n/a

8

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