the rennie review: February 2023

north delta DETACHED -JANUARY 2023

SALES TO LISTINGSRATIO 18% BALANCEDMARKET

▶ MARKETSUMMARY Therew ere 76 detached listingsin N orth D eltain January,10% below D ecem berand 43% higherthan January2022. January detached hom esalesincreased by m onth-over-m onth,to 14,and were48% below January 2022. Thesales-to-listing ratio fordetached in N orth D elta,at 18% ,reflected abalanced m arket. Thedetachedm edian pricein Januarywas$1,287,000,a 1.5% increasefrom D ecem berand 25% below January 2022. Theaveragesold pricewas$1,306,179,1.1% abovelast m onth and down 27% toJanuary2022.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 27% VS 2022

▼ 25% VS 2022

▲ 43% VS 2022

▼ 48% VS 2022

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

14 76

27 53

-27% -25% -64% -48% 43%

13 84

1.1% 1.5% 19% 8% -10%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,306,179 $1,287,000 18%

$1,291,769 $1,268,000 15%

$1,781,435 $1,720,000 51%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

160

146

140

2.15

120

12

1.99

106

19

96

100

95

1.571.60

84 76

57

56

1.26

53

1.19

29

27

34

14

13

10

27

27

24

14

19

$1.66M $1.59M $1.56M $1.72M $1.73M

$1.39M $1.29M $1.25M $1.30M $1.26M $1.29M $1.27M $1.29M

Jan-22

Dec-22

Jan-23

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

30

100%

25

20

15

36%

10

33%

5

4%

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

1 1 100%

6 2 33%

28 10 36%

24 1 4%

11 0 n/a

5 0 n/a

1 0 n/a

Copyright© February6,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofFebruary6,2023.Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

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