north delta DETACHED - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 26% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 12% VS 2023
▲ 9% VS 2023
▲ 47% VS 2023
▲ 107% VS 2023
There were 112 detached listings in North Delta in January, 9% below December and 47% higher than January 2023. January detached home sales increased by 21% month-over-month, to 29, and were 107% above January 2023. The sales-to-listing ratio for detached in North Delta, at 26%, reflected a sellers' market.
THIS MONTH No. $1,467,272 $1,400,000 26% 29 112
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
14 76
12% 9% 41% 107% 47%
$1,428,737 $1,307,500 20% 24 123
33% 21% -9%
The detached median price in January was $1,400,000, a 7% increase from December and 9% above January 2023.
$1,306,179 $1,287,000 18%
The average sold price was $1,467,272, 3% above last month and up 12% to January 2023.
3% 7%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
208
179
202
172
166
185
1.78
150
1.66
1.57
1.57 1.60
103
112
123
1.40
107
76
85
53
41
33
32
30
19
29
40
31
14
25
23
24
$1.45M $1.48M $1.45M $1.51M
$1.40M
$1.36M $1.30M
$1.32M $1.31M $1.40M
$1.29M $1.27M $1.30M
23-Jan
23-Dec
24-Jan
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
60
100%+
50
40
30
46%
20
15%
10
12%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
S-L RATIO SALES INVENTORY
2 7 350%
28 13 46%
59 7 12%
13 2 15%
8 0 n/a
2 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 7, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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