the vancouver rennie review | July 2024

north delta DETACHED - JUNE 2 0 2 4

SALES TO LISTINGS RATIO 18% BALANCED MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 0.1% VS 2023

▲ 7% VS 2023

▼ 1.4% VS 2023

▼ 40% VS 2023

There were 178 detached listings in North Delta in June, 2% below May and 7% higher than June 2023. June detached home sales decreased by 18% month-over-month, to 32, and were 40% below June 2023. The sales-to-listing ratio for detached in North Delta, at 18%, reflected a balanced market.

THIS MONTH No. $1,569,144 $1,459,500 18% 32 178

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change

No.

% Change

TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE

$1,567,489 $1,480,000 32% 53 166

0.1% -1.4% -44% -40% 7%

$1,562,713 $1,500,000 21% 39 182

0.4% -3% -16% -18% -2%

The detached median price in June was $1,459,500, a 3% decrease from May and 1.4% below June 2023.

The average sold price was $1,569,144, 0.4% above last month and up 0.1% to June 2023.

▶ RATIO OF MEDIAN PRICES

▶ RECENT TRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

208

182

179

202

172

170

178

185

166

1.73

1.65

135

1.58 1.64

1.56 1.53

145

123

112

53

39

39

33

32

30

29

32

32

31

29

25

24

$1.48M $1.45M $1.51M

$1.40M $1.45M $1.45M $1.48M $1.50M $1.46M

$1.36M $1.30M $1.32M $1.31M

23-Jun

24-May

24-Jun

▶ TOTAL LISTINGS & SALES BY PRICE RANGE

SELLERS' MARKET 21% +

BALANCED 12 - 20%

BUYERS' MARKET <12%

● SALES ● TOTAL INVENTORY ● S-L RATIO

70

60

50

40

40%

30

26%

20

17%

13%

10

0

<$1M

$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M

$6.0M+

S-L RATIO SALES INVENTORY

1 0 n/a

5 2 40%

66 17 26%

71 9 13%

23 4 17%

11 0 n/a

1 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 July 8, 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. 26 ●

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