the rennie review: February 2023

north delta TOWNHOME-JANUARY 2023

SALES TO LISTINGSRATIO 46% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere13 townhom elistingsin N orth D eltain January,41% below D ecem berand 86% higherthan January2022. Januarytownhom esalesincreased by20% m onth-over-m onth,to 6,and were100% aboveJanuary 2022. Thesales-to-listing ratio fortow nhom esin N orth D elta, at46% ,reflected aselers'm arket. Thetownhom em edian pricein Januarywas$820,000,a 19% changefrom D ecem berand 3% aboveJanuary2022. Theaveragesold pricewas$800,833,14% below last m onth;theaveragePSF salepricewas$527,up 12% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 3% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 9% VS 2022

▲ 3% VS 2022

▲ 86% VS 2022

▲ 100% VS 2022

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$527 $800,833 $820,000 46% 6 13

3 7

3% 8% 100% 86%

$470 $929,900 $1,010,000 23% 5 22

12% -14% -19% 103% 20% -41%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$514 $883,333 $800,000 43%

3% -9%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 202 ● JAN 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

39

30

35

27

26

22

21

25 24

1

1

10

9

13

5

7 3

4

6

3

8

2

7

5

5

$1.28M

$1.15M

$1.05M

$1.05M

$1.01M

$934K

$920K $870K $865K $835K

$820K

$800K

$749K

NORTH DELTA FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

5

3

4+ bdrms

4

4

80%

3

3

3 bdrms

9

50%

2

2 bdrms

1

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

4 2 50%

5 4 80%

2 0 n/a

1 0 n/a

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