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?

 

Apr 1, 2018

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Current:  N.Delta has a Sellers Market with  22 %SOLD rates and a 99% Sell/List ratio.  (This means that there is an average of an $11,950 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 12.0 %SOLD rate. 

History: North Delta Year-To-Date Home Price Index* HPIp (Top 50%) shows that prices increased $81,676.
                The North Delta Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $91,856.
                *The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: North Delta has average Listing supply; 121 homes are for sale and with 22 %SOLD monthly rates gives us about ~5 months of inventory. 4% of the active listings have reduced their price by $34,980 on average or $49,000 on the median for the last month. We project North Delta to be a continued seller's market. 

March's Real Estate Statistics shows 48% of Vancouver's Detached Markets decreased values this last month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price decrease of $2,135 which is a slight improvement over the $3,340 decrease that we saw in the month prior. On the Average Fraser Valley continues to show a stronger Market with their $10,681 monthly increase, which is even more than the $8,381 increase that we saw in the month prior. With many new foreign buyer taxes, the much tougher mortgage lending rules, the higher interest rates, pending trade tariffs, we are forecasting the beginning of Buyer's Market across most Detached Markets.

Currently, most of the Condo and Townhouse Markets are hot, and we are seeing higher sales prices across the Greater Vancouver (Lower Mainland). 89% of the Townhouse Markets are currently increasing (25 out of 28 Markets). There is a Notable difference between the top 50% of the attached markets which are stabilizing over the much stronger bottom 50% of the markets which can see multiple offers. We are forecasting a continued Seller's Market in the lower end Condo/Townhouse Markets for the following months. We 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.

 

 

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Single Family Detached High End .. more than $830,000      

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              你的房屋价值 ,利润, 投资收益率知多少?


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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 

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