The FIDI Report: 1Q2022

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Sales:

• Average price was $1,572,071 in Q1 2022, down -13.74% from Q4 2021, however, compared to the same time last year, the average price is up almost 4%.
• Number of units sold in Q1 2022 -81 – is almost DOUBLE from Q1 2020 – 45 – showing a healthy rebound in FIDI.
• One bedrooms continue to be the most popular size with nearly 40% of the number of units sold QoQ.

Rentals:

• Average rent rose over 33% YoY to $4,663.
• One bedroom apartments rented increase 21% QoQ.
• Three bedroom apartments rented saw a sharp decline of -35% QoQ and more than -76% YoY.