Prices of single-family detached houses in Ladner continue be among the fastest skyrocketing in the region.
According to the Real Estate Board of Greater Vancouver, the benchmark price for a detached Ladner house was $1,292,700 in May, up almost two per cent from April, while up 31.4 per cent from May 2020. The benchmark for a Tsawwassen detached house last month was $1,359,500, up 23.2 per cent from May 2020.
According to the Fraser Valley Real Estate Board, the benchmark for a detached house in North Delta was $1,217,600 last month, up 32.9 per cent from May 2020.
Meanwhile, the REBGV notes the benchmark for a townhouse in Ladner last month was $756,300 and for Tsawwassen it was $843,900.
The benchmark for a condo in Ladner was $560,000 and in Tsawwassen it was $614,200.
The FVRB notes that in North Delta, the benchmark for a townhouse last month was $675,700 and for a condo it was $405,000.
The REBGV says residential home sales in the Lower Mainland in May 2021 saw a decrease from the previous month, but experienced a 187.4 per cent increase from the overall sales recorded in May 2020.
Last month’s sales were also almost 28 per cent above the 10-year May sales average.
The FVRB notes total home sales in the Fraser Valley region continued to break sales records for the ninth consecutive month.