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?

Mar 1, 2021

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Current:  N.Delta has a Seller Market with 35 %SOLD rates and a 108% Sell/List ratio. 
                      (This means that there is an average of a $86,400 Discount from Original list price)

             
Most Active Range: Homes between $900,000 - $1. mill. have a high 57.7 %SOLD rate. 
            Least Active Range: Homes above $1.15 mill. have 23.6 %SOLD rate. 

History: North Delta Year-To-Date Home Price Index* HPIp (Top 50%) shows that prices increased $250,022.
                The North Delta Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $134,550.
                 *The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: North Delta has average Listing supply; 100 homes are for sale and with 35 %SOLD monthly rates gives us about ~3 months of inventory. 3% of the active listings have reduced their price by $49,334 on average or $40,000 on median for the last month. We project North Delta to be a continued Seller market.

March's Real Estate Statistics show that we are still in the highly emotional "Gold Fever"market. We have seen 100% of the Single-Family Homes in Metro Vancouver go up this month with most buyers competing in bidding wars. The Average Monthly Price increase is a whopping $84,263! This is the Highest Price increase on record since 2016. ON the other hand, 100% of Fraser Valley Detached Markets went up this month with a whopping $60,306 monthly price changes on average. This seller's market is partly due to the fact that we have Low listing levels. We are forecasting that in the Metro Vancouver Markets will continue to be a Strong Seller's Market for the coming month.

Currently, Condos are in a more subdued Seller's Market with 100% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was a $17,534. At the same time, all Townhouse Markets increased an average of $37,065. We analyze and provides 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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 Neighborhood.

 

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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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