Courtesy of Taylor Brown
Delta Market Report for April 2023
Median Selling Price
$1,450,000 detached DOWN 14.3% year-to-year
97 SOLD LISTINGS
75.2% SALES TO NEW LISTING RATIO
129 NEW LISTINGS
Prices continue rising across Metro Vancouver as home buyer confidence returns
Apartment home sales reached 1,413 in April 2023, a 16.5 per cent decrease year over year. The benchmark price of an apartment property is $752,300, a 3.1 per cent decrease year over year and a two per cent increase month over month. Attached home sales in April 2023 totalled 500, a 13.5 per cent decrease year over year. The benchmark price of an attached unit is $1,078,400, a 6.1 per cent decrease year over year and a 2.1 per cent increase month over month. Statistics reflect market activity in April 2023 | Source: REBGV ® Real Estate Board of Greater Vancouver | Market values stated are of the Median Selling Price of Delta and surrounding region. Median Selling Prices are not reported for areas with less than 20 sales. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.
Vancouver, May 2023 – With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with it. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region currently totalled 2,741, a 16.5 per cent decrease year over year. The total number of homes currently listed for sale on the MLS ® system in Metro Vancouver is 8,790, a 4.2 per cent decrease year over year. Detached home sales in April 2023 reached 808, a 16.3 per cent decrease year over year. The benchmark price for detached properties is $1,915,800. This represents an 8.8 per cent decrease year over year and a 2.9 per cent increase month over month.
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