north delta DETACHED - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 20% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 11% VS 2022
▲ 3% VS 2022
▲ 46% VS 2022
▲ 85% VS 2022
There were 123 detached listings in North Delta in December, 28% below November and 46% higher than December 2022. December detached home sales decreased by 27% month-over-month, to 24, and were 85% above December 2022. The sales-to-listing ratio for detached in North Delta, at 20%, reflected a balanced market. The detached median price in December was $1,307,500, a 0.9% decrease from November and 3% above December 2022. The average sold price was $1,428,737, 3% above last month and up 11% to December 2022.
THIS MONTH No. $1,428,737 $1,307,500 20% 24 123
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
13 84
11% 3% 26% 85% 46%
$1,384,419 $1,320,000 19% 33 172
3% -0.9% 1.7% -27% -28%
$1,291,769 $1,268,000 15%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
208
179
202
172
166
185
1.99
150
1.81
1.78
103
123
107
84
1.40
85
1.35
53
76
1.26
41
33
32
30
19
14
40
24
31
13
25
23
$1.45M $1.48M $1.45M $1.51M
$1.40M
$1.36M $1.30M $1.32M $1.31M
$1.27M $1.29M $1.27M $1.30M
22-Dec
23-Nov
23-Dec
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
60
50
40
67%
30
37%
20
10
9%
7%
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
1 0 n/a
6 4 67%
38 14 37%
55 5 9%
14 1 7%
7 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 January 10, 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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