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.

Current:  North Delta has a Stable Market with 11 %SOLD rates and a 97% Sell/List ratio. 
                      (This means that there is an average of a $39,000 decrease from Original list price)

             Most Active Range: Homes below $1.4 mill. have a high 21.1 %SOLD rate. 
            Least Active Range: Homes above $1.9 mill. have 1.6 %SOLD rate. 

History: North Delta Year-To-Date Home Price Index* HPIp (Top 50%) shows that prices increased $47,596.
                The North Delta Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $29,773.
                 *The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: North Delta has average Listing supply; 182 homes are for sale and with 11 % SOLD monthly rates gives us about ~9 months of inventory. 7% of the active listings have reduced their price by $53,392 on average or $50,099 on median for the last month. We project North Delta to be a continued Stable market. 

Greater Vancouver October 2024:

October's real estate report shows that 52% of detached homes in Greater Vancouver lost value this month. On average, single-family homes in Metro Vancouver saw a price drop of $1,045. With mortgage rates going down, buyers will be more active, especially in the condo and townhouse markets. We forecast that the Metro Vancouver area to remain a buyer's market until the end of the year.

In October, the average price of condos decreased by $3,925, and townhouses saw a decline of $3,155. We forecast that the condo and townhouse markets will remain a buyer's market in the coming months.

To keep up with the latest market trends, tune in every Saturday at noon on VancouverMarketReports.com. We analyze which areas in the Lower Mainland are rising or falling. For a full update on market values, forecasts, and a detailed analysis of your neighborhood, reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

Fraser Valley October 2024:

October's real estate statistics show that 50% of detached homes in the Fraser Valley lost value this month. Overall, single-family homes in the Fraser Valley had an average price drop of $2,083. With mortgage rates going down, buyers will be more active, especially in the condo and townhouse markets. For now, we expect the Fraser Valley to remain a buyer's market until the end of the year.

In October, the average price of condos decreased by $1,364, and townhouses saw a decline of $940. We forecast that the condo and townhouse markets will remain a buyer's market in the coming months.

To keep up with the latest market trends, tune in every Saturday at noon on VancouverMarketReports.com. We analyze which areas in the Lower Mainland are rising or falling. For a full update on market values, forecasts, and a detailed analysis of your neighborhood, reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

What Is Your Home Value, Profit; Return On Investment?
              你的房屋价值 ,利润, 投资收益率知多少?

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