Current: N.Delta has a Stable Market with 13 %SOLD rates and a 97% Sell/List ratio.
(This means that there is an average of a $31,940 Discount from Original list price)
Most Active Range: Homes below $875,000 have a high 30.8 %SOLD rate.
Least Active Range: Homes above $1.2 mill. have 2.7 %SOLD rate.
History: North Delta Year-To-Date Home Price Index* HPIp (Top 50%) shows that prices decreased $7,274.
The North Delta Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $4,276.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: North Delta has average Listing supply; 151 homes are for sale and with 16 %SOLD monthly rates gives us about ~8 months of inventory. 11% of the active listings have reduced their price by $47,424 on average or $39,500 on median for the last month. We project North Delta to be a continued Stable market.
March's Real Estate Statistics shows some of our Markets are NORMALIZING with 54% of Vancouver's Detached Markets increasing values this month. Generally, Single Family Homes in Metro Vancouver experienced an Average Monthly Price decrease of $5,048 which is an improvement from last month's $13,230 price drop. On Average, the Fraser Valley's Market significantly improved with $2,661 monthly price increase. The following month's forecasts are: a Stable Detached Market across most of Vancouver and a Seller Market in the Fraser Valley.
Currently, the Condo Market presents a Cooler Market with 67% of the Greater Vancouver (Lower Mainland) are decreasing prices. On the other hand, 61% of the Townhouse Markets are increasing. (17 out of 28 Markets). We are forecasting a continued Buyer’s Market in all Condo Markets whereas Townhouse Markets are Stabilizing. 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 Neighborhood.