Thanks for taking the time to look at my monthly real estate update for South Delta and the Real Estate Board of Greater Vancouver (REBGV).
Here is a link to the complete set of charts and graphs – it may be useful to refer to them as you read through this piece!
The current historically strong market continues but the intensity has waned following the torrid month of March as sales dip slightly and supply has increased.
“Record low interest rates, increased household savings, a strengthening economy and a continued focus on living space during the pandemic are all factors that are helping to bolster demand while steady price growth is encouraging more sellers to list their homes,” said Keith Stewart, economist for the REBGV.
Locally here in South Delta the strong activity has prompted an increasing level of new single family listings – well priced properties still receive multiple offers but the frenzy has diminished.
The local townhouse market remains especially strong which is not surprising as these have become the ‘new family home.’
Prices continue to rise as has been well documented recently.
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