north delta CONDO - FEBRUARY 2 0 2 4
SALES TO LISTINGS RATIO 21% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 4% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 3% VS 2023
▲ 6% VS 2023
▲ 61% VS 2023
▲ 50% VS 2023
There were 29 condo listings in North Delta in February, 16% above January and 61% higher than February 2023. February condo sales increased by 20% month-over-month, to 6, and were 50% above February 2023. The sales-to-listing ratio for condos in North Delta, at 21%, re)ected a balanced market. The condo median price in February was $635,000, a 19% increase from January and 6% above February 2023. The average sold price was $649,167, 15% above last month; the average PSF sale price was $596, down 24% 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
$596 $649,167 $635,000 21% 6 29
$622 $629,003 $598,007 22% 4 18
-4% 3% 6% -7% 50% 61%
$784 $566,000 $535,000 20% 5 25
-24% 15% 19% 3% 20% 16%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2023 ● FEB 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
38
40
39
34
29
29
25
24
27
20
20
19
18
13
12
10
10
6
3
8
7
7
7
4
5
5
$635K
$625K
$598K
$566K
$550K
$540K
$535K
$525K
$520K
$520K
$520K
$519K
$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
14
12
4+ bdrms
10
8
3 bdrms
2
6
31%
4
6
2 bdrms
17%
15
2
0
<$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
2 0 n/a
12 2 17%
13 4 31%
2 0 n/a
12
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 March 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 ●
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