north delta CONDO - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2023
▲ 17% VS 2023
▲ 44% VS 2023
▼ 14% VS 2023
There were 39 condo listings in North Delta in June, 22% above May and 44% higher than June 2023.
June condo sales decreased by 45% month-over-month, to 6, and were 14% below June 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in North Delta, at 15%, reflected a balanced market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$621 $603,750 $609,500 15% 6 39
$676 $574,571 $520,000 26% 7 27
-8% 5% 17% -41% -14% 44%
11 32
-11% 11% 5% -55% -45% 22%
The condo median price in June was $609,500, a 5% increase from May and 17% above June 2023. The average sold price was $603,750, 11% above last month; the average PSF sale price was $621, down 11% to last month.
$698 $544,864 $580,000 34%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
38
39
36
40
39
34
29
34
32
25
30
27
19
13
11
10
10
10
7
6
7
7
6
5
5
4
$653K
$635K
$625K
$615K
$610K
$580K
$540K
$535K
$525K
$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
12
4+ bdrms
10
8
1 1
3 bdrms
6
29%
4
3
20%
18%
2 bdrms
24
8%
2
0
2
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M+
<2 bdrms
S-L RATIO SALES INVENTORY
1 0 n/a
12 1 8%
11 2 18%
7 2 29%
5 1 20%
3 0 n/a
14
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. 28 ●
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