Current: N.Delta has a Stable Market with 12 %SOLD rates and a 98% Sell/List ratio.
(This means that there is an average of a $21,951 Discount from Original list price)
Most Active Range: Homes between $875,000 - $980,000 have a high 22.4 %SOLD rate.
Least Active Range: Homes above $1.2 mill. have 3.5 %SOLD rate.
History: North Delta Year-To-Date Home Price Index* HPIp (Top 50%) shows that prices decreased $19,501.
The North Delta Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $28,377.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: North Delta has average Listing supply; 227 homes are for sale and with 12 %SOLD monthly rates gives us about ~8 months of inventory. 18% of the active listings have reduced their price by $39,522 on average or $31,000 on median for the last month. We project North Delta to be a continued Stable market.
May's Real Estate Statistics shows 64% of Vancouver's Detached Markets values decreased this month. Generally, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $14,880, which is a significant decline from last month's $8,007 price drop. On the other hand, the Fraser Valley shows a steady Market with the monthly price increase of $1,580. The following month's forecasts for Detached Homes are: a continued Buyer's Market across most of Vancouver and a Stable Market over most of the Fraser Valley.
Currently, the Condo Market presents a Warmer Market with 43% of the Greater Vancouver (Lower Mainland) Condo Prices Increasing. On the same note, 46% of the Townhouse Markets are Increasing. (13 out of 28 Markets). We are forecasting a Buyers’ Market in most Condo and Townhouse Markets for the coming month. 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.