Real Estate Market Update for South Delta following September 2017

Real Estate Market Update for South Delta following September 2017

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.

Here is a link to the Real Estate Board of Greater Vancouver media release.

Condos (apartments and townhomes) continue to drive the REBGV market while detached sales remain at more typical historical levels.

“Detached homes made up 30 per cent of all sales in September and represented 62 per cent of all the homes listed for sale on the MLS®,” said  REBGV president Jill Oudil. “This dynamic has slowed the pace of upward pressure that we’ve seen on detached home prices in our market over the last few years.”

Sales and Listings

S&L REBGV Det S&L REBGV TH S&L REBGV Apt

Prices

Detached prices have remained fairly level over the past 3 months while condo prices have increased around 5.7% in the same time period.

HPI REBGV Det HPI REBGV THHPI REBGV Apt

 

Locally

Detached listings in Tsawwassen reached their highest level (165) since May 2013 (173) while in Ladner they remain at fairly modest levels (86). Trade in apartments is particularly competitive with steady sales and low availability.

S&L Tsaw DetS&L SD Apt

 

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