Current: N.Delta has a Seller Market with 35 %SOLD rates and a 100% Sell/List ratio.
(This means that there is an average of a $0 Discount from Original list price)
Most Active Range: Homes below $975,000 have a high 100.0 %SOLD rate.
Least Active Range: Homes above $1.15 mill. have 25.3 %SOLD rate.
History: North Delta Year-To-Date Home Price Index* HPIp (Top 50%) shows that prices increased $221,028.
The North Delta Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $88,241.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: North Delta has average Listing supply; 75 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 $15,500 on average or $15,500 on median for the last month. We project North Delta to be a continued Seller market.
January's Real Estate Statistics continue to show a highly emotional market. We have seen 100% of the Single-Family Homes in Metro Vancouver are in a Seller's Market. The Average Monthly Price is a whopping increase $52,706! This is the Second Highest January Price increase on record since 2016. At the same time, the Fraser Valley Detached Markets went up this month with many buyers competing in bidding wars. The Monthly Price jumped up $45,108 on average. This is the Highest January Price increase on record. This seller's market is partly due to the fact that we have Record-Low listing levels. We are forecasting that in the Metro Vancouver Markets will continue to be a Seller's Market for the coming month.
Currently, Condos are in a more subdued Seller's Market with 60% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was a mere $4,969. At the same time, 27 out of 28 Townhouse Markets increased an average of $16,662. 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.