north delta TOWNHOME - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 56% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 14% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 35% VS 2023
▲ 47% VS 2023
▲ 25% VS 2023
▼ 5% VS 2023
There were 18 townhome listings in North Delta in March, 13% above February and 5% lower than March 2023. March townhome sales increased by 900% month-over-month, to 10, and were 25% above March 2023. The sales-to-listing ratio for townhomes in North Delta, at 56%, reflected a sellers' market. The townhome median price in March was $1,144,000, a 22% increase from February and 47% above March 2023. The average sold price was $1,103,189, 17% above last month; the average PSF sale price was $582, down 23% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10 18
$512 $815,063 $779,750 42% 8 19
14% 35% 47% 32% 25% -5%
$754 $940,000 $940,000 6% 1 16
-23% 17% 22% 789% 900% 13%
$582 $1,103,189 $1,144,000 56%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
19
19
21
20
18
16
16
17
14
16
15
15
10
10
9
7
8
8
6
8
7
7
6
4
2
1
$1.14M
$1.02M
$1.01M
$999K
$975K
$948K
$940K
$936K
$898K
$905K
$890K
$866K
$780K
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
100%+ 100%
5
10
4+ bdrms
4
8
5
3 bdrms
6
13
36%
4
2 bdrms
1
2
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
1 0 n/a
2 0 n/a
11 4 36%
2 4 200%
2 2 100%
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 April 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 27 ●
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