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Current: N.Delta has a Seller Market with 26 %SOLD rates and a 102% Sell/List ratio.
(This means that there is an average of a $25,000 Discount from Original list price)
Most Active Range: Homes below $1.15 mill have a high 50.0 %SOLD rate.
Least Active Range: Homes above $1.5 mill. have 10.4 %SOLD rate.
History: North Delta Year-To-Date Home Price Index* HPIp (Top 50%) shows that prices increased $360,339.
The North Delta Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $250,560.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: North Delta has average Listing supply; 72 homes are for sale and with 26 %SOLD monthly rates gives us about ~4 months of inventory. 1% of the active listings have reduced their price by $50,000 on average or $50,000 on median for the last month. We project North Delta to be a continued Seller market.
Greater Vancouver October 2021:
The Vancouver Market Monthly Average Price increased $33,054 in October. This is the 2nd highest October price increase since 2015. Why such a strong Seller’s Market? Although the number of sales is near normal, we now have the lowest listing inventory since 2011. This lack of listings is partially due to the covid infections/lockdowns resulting in many sellers putting plans on hold. We are forecasting that the majority of the Metro Vancouver Markets will continue to be a Seller's Market in the coming months.
Currently, Condos continue to be in a Seller's Market with 67% of the Greater Vancouver (Lower Mainland) Condo Prices increasing $9,255 on average. On the other hand, 82% of the Townhouse Markets (23 out of 28) prices increased $15,199 on average. We analyze and provide 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.
Fraser Valley October 2021:
The Fraser Valley Home Market Monthly Average Prices jumped up $40,869 on average. This is the largest October price increase we have seen in 11years. Why such a strong Seller’s Market? We now have the lowest listing inventories since 2011, 50% lower than usual. This is partially due to the covid infections/lockdowns resulting in many sellers putting plans on hold.
Currently, Condos are now in a Seller's Market with 67% of the Greater Vancouver (Lower Mainland) Condo Prices increasing $9,255 on average. On the other hand, 82% Townhouse Markets (23 out of 28) prices increased $15,199 on average. We analyze and provide 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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