north delta CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 22% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 10% VS 2022
▼ 24% VS 2022
▲ 55% VS 2022
▼ 50% VS 2022
Therewere17 condolistingsin N orth D eltain January, 6% below D ecem berand 55% higherthan January2022. January condo salesdecreased by 50% m onth-over-m onth,to 3,and were50% below January 2022. Thesales-to-listing ratio forcondosin N orth D elta,at 18% ,reflected abalanced m arket. Thecondom edian pricein Januarywas$512,000,a0.7% changefrom D ecem berand 24% below January2022. Theaveragesold pricewas$515,267,2% abovelast m onth;theaveragePSF salepricewas$488,down 13% tolastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$488 $515,267 $512,000 18% 3 17
$624 $575,250 $673,750 55% 6 11
-22% -10% -24% -68% -50% 55%
$558 $504,167 $508,500 33% 6 18
-13% 2% 0.7% -47% -50% -6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
27
29 29
25
28
24
23
25
22
19
15
15
18 17
14
13
8
1
6
6
9
6
6
5
3
4
$674K $674K $715K
$678K
$610K $610K $625K
$537K $541K
$509K $512K
$500K $490K
NORTH DELTA FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
100%
8
4+ bdrms
6
3 bdrms
4
4
2
2 bdrms
2
17%
7
11%
0
1
<$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%
9 1 11%
6 1 17%
1 0 n/a
6
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