Vancouver Real Estate Market Update Reports / North Delta Real Estate Market Update Forecast Report

   The North Delta Housing Market Trends


  North Delta Real Estate Market Reports and Forecasts

N. Delta Market Update (Detached)
Scottsdale, Sunshine Hills Woods, Annieville, Nordel sub-areas of North Delta Real Estate Market Update Report.

What are North Delta's Best and Worst Investments?

Nov 1, 2017

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Current:  N.Delta has a Sellers Market with  16 %SOLD rate and a 98% Sell/List ratio.  (This means that there is an average of a $19,000 Discount from Original list price)
            
Most Active Range: Homes between $850,000 - $925,000 have a high 26.7 %SOLD rate. 
            Least Active Range: Homes above $1.2 mill. have 12.5 %SOLD rate. 

History: North Delta Year-To-Date Home Price Index* HPIp (Top 50%) shows that  prices increased $41,661.
                The North Delta Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $68,585.
                *The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: North Delta has average Listing supply; 157 homes are for sale and with 16 %SOLD monthly rate gives us about ~6 months of inventory. 9% of the active listings have reduced their price by $35,173 on average or $29,156 on median for the last month. We project North Delta to be a continued sellers market.

October's Real Estate Statistics show our Markets have NORMALIZED with just 33% of Vancouver's Detached Markets increasing values this month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $10,887, which is less than the $12,693 decrease that we saw in the month prior. The Average Fraser Valley Markets are still stronger with a $1,381 monthly increase. Detached Markets values in October experienced an Average Monthly Price decrease of $1,381, which is a reduction of the $2,054 increase that we saw in the month prior. The FV is still a much stronger market than the Vancouver Detached Markets which just had a $10,887 monthly decrease. We are forecasting the beginning of Buyers Market across many Detached Markets, with Chilliwack being one of the last holdouts. We are forecasting the beginning of Buyers Market across most Detached Markets

Currently, the Attached Markets carry the day with 75% still increasing in Greater Vancouver (Lower Mainland) (43 of 58 Markets). We are forecasting a continued Seller's Market in the Attached Markets. We continue to analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighbourhood.

We thank Tom Edwards for his support of these North Delta Real Estate Market Updates which include sub-areas Annieville, Nordel, Scottsdale, Sunshine Hills Woods. Contact Tom as the Local Expert..... more details.

Annieville, Sunshine Hills Woods,Nordel, Scottsdale sub areas of North Delta Real Esate Report

Annieville, Sunshine Hills Woods,Nordel, Scottsdale sub areas of North Delta Real Esate Report

Annieville, Sunshine Hills Woods,Nordel, Scottsdale sub areas of North Delta Real Esate Report

Annieville, Sunshine Hills Woods,Nordel, Scottsdale sub areas of North Delta Real Esate Report

Download the full North Delta.Marketupdatereport.PDF

This North Delta Real Estate Market update includes the sub areas  Annieville, Sunshine Hills Woods,Nordel, Scottsdale.

This North Delta Real Estate Market update includes the sub areas  Annieville, Sunshine Hills Woods,Nordel, Scottsdale.

This North Delta Real Estate Market update includes the sub areas  Annieville, Sunshine Hills Woods,Nordel, Scottsdale.

This North Delta Real Estate Market update includes the sub areas  Annieville, Sunshine Hills Woods,Nordel, Scottsdale.

This North Delta Real Estate Market update includes the sub areas Nordel, Scottsdale, Annieville, Sunshine Hills Woods.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report

 


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North Delta, Surrey Real Estate Market Update Report.

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