north delta DETACHED - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 14% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2023
▲ 5% VS 2023
▼ 8% VS 2023
▼ 16% VS 2023
There were 191 detached listings in North Delta in October, 1.6% above September and 8% lower than October 2023. October detached home sales increased by 35% month-over-month, to 27, and were 16% below October 2023. The sales-to-listing ratio for detached in North Delta, at 14%, re)ected a balanced market.
THIS MONTH No. $1,442,685 $1,362,000 14% 27 191
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,393,260 $1,297,500 15% 32 208
4% 5% -8% -16% -8%
$1,476,225 $1,410,000 11% 20 188
33% 35% 1.6%
The detached median price in October was $1,362,000, a 3% decrease from September and 5% above October 2023.
The average sold price was $1,442,685, 2% below last month and up 4% to October 2023.
-2% -3%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
208
196
188
182
191
172
170
178
178
1.67
1.64
1.62 1.59
135
1.50
145
1.39
123
112
39
39
33
33
32
29
32
27
32
29
24
22
20
$1.50M $1.46M
$1.40M $1.45M $1.45M $1.48M
$1.39M $1.36M $1.41M $1.36M
$1.30M $1.32M $1.31M
23-Oct
24-Sep
24-Oct
▶ 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
30
33%
24%
20
9%
10
4%
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
9 3 33%
72 17 24%
68 6 9%
25 1 4%
11 0 n/a
6 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 November 12, 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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