Courtesy of Taylor Brown

Delta Market Report for April 2024

84 SOLD LISTINGS

182 NEW LISTINGS

detached 34 24 apartment 26 attached

detached 102 38 apartment 42 attached

46.2% SALES TO NEW LISTING RATIO

Inventory reaches highest level since the pandemic summer of 2020

Vancouver May 2, 2024 – Greater Vancouver REALTORS ® (GVR) reports that residential sales in the region totalled 2,831 in April 2024. “It’s a feat to see inventory finally climb above 12,000. Many were predicting higher inventory levels would materialize quickly when the Bank of Canada began its aggressive rate hikes, but we’re only seeing a steady climb in inventory in the more recent data,” Andrew Lis, GVR’s director of economics and data analytics said. “The surprise for many market watchers has been the continued strength of demand along with the fact few homeowners have been forced to sell in the face of the highest borrowing costs experienced in over a decade.”

There were 7,092 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service ® (MLS ® ) in Metro Vancouver in April 2024. The total number of properties currently listed for sale on the MLS ® system in Metro Vancouver is 12,491. Sales of detached homes in April 2024 reached 814, a 0.7 per cent increase from April 2023. Sales of apartment homes reached 1,416 in April 2024, a 0.2 per cent increase compared to April 2023. Attached home sales in April 2024 totalled 580, a 16 per cent increase compared to April 2023. Statistics reflect market activity in April 2024 | 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.

WWW.TAYLORBROWNREALTY.COM INFO@TAYLORBROWNREALTY.COM 604.362.0350

TAYLOR BROWN REAL ESTATE TAYLOR BROWN PERSONAL REAL ESTATE CORPORATION

Privacy Disclosure: We respect your privacy. The sponsor indicated on the front panel provides a complimentary subscription of this publication to you, a valued client. If at any time or for any reason you do not want to receive this publication, please contact the sponsor using any of the contact info on the front panel, and your personal information will be removed from the mailing list immediately. Without response to this cancellation offer, we assume your implied consent and permission to continue provision. Disclaimer: This publication is distributed for the purpose of information only. It is not intended to solicit buyers or sellers currently under contract by a real estate firm or under contract with another Broker or Mortgage Specialist, nor is it intended to cause or induce breach of any existing agreement. Distributed by: dmsmarketing.ca Copyright© 2024 All Rights Reserved / Printed on recyclable material. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by CREA and identify real estate professionals who are members of CREA.