What’s happening in the Delta Neighbourhood housing marketing this spring.
Below is a breakdown of home sales in Delta East and West during the time period of January 1 – May 3, 2023. Sold includes closed and pending properties.
| 1.5-2.5 Storey Detached | # Sold | Avg Price | Low Price | High Price | Days on Market |
|---|---|---|---|---|---|
| 2 Bedroom | 1 | $470,000 | $470,000 | $470,000 | 57 |
| 3 Bedroom | 12 | $641,491 | $545,000 | $800,000 | 21 |
| 4 Bedroom | 4 | $712,975 | $650,000 | $785,000 | 21 |
| 5 Bedroom | 1 | $617,314 | $617,314 | $617,314 | 12 |
| TOTAL | 18 | $617,778 | 27 |
In April, sales and new listings improved over earlier in the year and are consistent with seasonal expectations. With 644 sales and 930 new listings in the month, the sales-to-new listings ratio pushed up to 69 per cent, keeping inventories relatively stable at 1,022 units. While inventory levels are higher than super lower levels that we experienced during the pandemic, they remain over 20 per cent lower than what is traditionally available in the market in April. In April the unadjusted benchmark price reached $803,000, which is a significant improvement over January when the benchmark price sat at $754,000. While prices are nearly 16 per cent lower than the high levels seen last year, they are still much higher than pre-pandemic prices.
18.2% less than last year same time
36.6% less than last year same time
5.9% higher than last year same time
14.3% less than last year same time
Andi’s passion for people is at the core of his approach to real estate. With fifteen years of sales experience in the hospitality industry, he has spent years perfecting the art of service and demonstrating true care in every interaction. His exceptional interpersonal skills and attention to detail put him ahead in any client relationship or negotiation.