portm oody TOWNHOME-OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 48% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere21 townhom elistingsin PortM oodyin O ctober,25% below Septem berand 5% higherthan October2022. O ctobertownhom esalesdecreased by23% m onth-over-m onth,to10,and were25% aboveO ctober 2022. Thesales-to-listingratio fortownhom esin PortM oody, at48% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$970,000,a 4% increasefrom Septem berand 17% below O ctober 2022. Theaveragesold pricewas$986,000,2% abovelast m onth;theaveragePSF salepricewas$644,down 7% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 11% VS 2022
▼ 17% VS 2022
▲ 5% VS 2022
▲ 25% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
10 21
$625 $1,104,375 $1,167,500 40% 8 20
3% -11% -17% 19% 25% 5%
13 28
-23% -25%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$644 $986,000 $970,000 48%
$695 $963,585 $928,800 46%
-7% 2% 4% 3%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
28
29
25
28
24
22
22
21
21
22
20
21
19
14
13
16
15
12
12
12
10
1
8
6
6
5
$1.17M
$1.05M $996K
$1.04M $1.05M $1.04M $1.01M $1.09M
$933K $955K $929K $970K
$678K
PORTMOODY REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
4
100%
8
4+ bdrms
3
78%
6
4
3 bdrms
12
4
1
2 bdrms
17%
2
6
0
1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
0 1 n/a
1 0 n/a
9 7 78%
6 1 17%
4 0 n/a
1 1 100%
Copyright© 2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber3,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 36 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online