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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