north delta CONDO - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 20% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 61% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 10% VS 2023
▲ 4% VS 2023
▲ 47% VS 2023
▲ 67% VS 2023
There were 25 condo listings in North Delta in January, 32% above December and 47% higher than January 2023. January condo sales remained the same month-over-month, at 5, and were 67% above January 2023. The sales-to-listing ratio for condos in North Delta, at 20%, reflected a balanced market. The condo median price in January was $535,000, a 1.9% increase from December and 4% above January 2023. The average sold price was $566,000, 6% above last month; the average PSF sale price was $784, up 13% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$784 $566,000 $535,000 20% 5 25
$488 $515,267 $512,000 18% 3 17
61% 10% 4% 13% 67% 47%
$697 $531,600 $525,000 26% 5 19
13% 6% 1.9% -24% 0% 32%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JAN 2023 ● JAN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
38
40
39
34
29
25
24
27
20
20
17
19
18
13
12
10
10
4
3
8
5
7
7
7
3
5
$625K
$598K
$566K
$550K
$540K
$535K
$525K
$520K
$520K
$520K
$519K
$512K
$510K
NORTH DELTA
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
12
4+ bdrms
10
8
3 bdrms
2
6
4
3
25%
2 bdrms
20%
16
2
0
2
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2 bdrms
S-L RATIO SALES INVENTORY
1 0 n/a
12 3 25%
10 2 20%
2 0 n/a
7
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. 28 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online