north delta CONDO - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 34% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 13% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 16% VS 2022
▲ 150% VS 2022
▼ 13% VS 2022
▼ 20% VS 2022
There were 29 condo listings in North Delta in November, 15% below October and 16% higher than November 2022. November condo sales decreased by 23% month-over-month, to 10, and were 150% above November 2022. The sales-to-listing ratio for condos in North Delta, at 34%, reflected a sellers' market. The condo median price in November was $540,000, a 4% increase from October and 20% below November 2022. The average sold price was $557,300, 0.7% above last month; the average PSF sale price was $727, up 8% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10 29
$641 $637,750 $677,500 16% 4 25
13% -13% -20% 116% 150% 16%
13 34
8% 0.7% 4% -10% -23% -15%
$727 $557,300 $540,000 34%
$675 $553,569 $519,000 38%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2022 ● NOV 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
38
40
39
34
29
25
24
27
20
20
18
18
13
17
10
10
12
6
4
3
3
8
7
7
7
4
$678K
$625K
$598K
$566K
$550K
$540K
$520K
$520K
$520K
$519K
$509K
$512K
$510K
NORTH DELTA
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
15
4+ bdrms
10
3 bdrms
56%
1
5
8
2 bdrms
16
8%
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
16 9 56%
12 1 8%
1 0 n/a
12
Copyright © 2023 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of December 11, 2023. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 28 ●
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