Buying a house is rapidly getting more expensive in Delta.
According to the Real Estate Board of Greater Vancouver, home buyer and seller activity reached unprecedented levels across Metro Vancouver in March.
Demand was most pronounced in rural and suburban areas for all house types.
Delta South saw a 195.8 per cent increase in home sales over 2020, the largest increase in Metro Vancouver, according REBGV.
The benchmark price for a detached single-family house in Ladner in March was $1,205,800, up four per cent from the previous month, and 23.2 per cent from March 2020.
The benchmark for a house in Tsawwassen was $1,312,100, up just over three per cent from the previous month, and up 21.3 per cent from March of last year.
The increase wasn’t as quite as dramatic for condos and townhomes in South Delta.
The benchmark for a Ladner townhouse in March was $702,000, up 8.9 per cent from March 2020, while it was $662,400 for Tsawwassen, up 7.7 per cent over the year.
The benchmark for a condo in Ladner was $548,700 and it was $588,800 for Tsawwassen, up 9.4 per cent and 10.8 per cent respectively from year-to-year.
Meanwhile, the Fraser Valley Real Estate Board says it hit two historical highs in March, setting records for both sales and new listings processed in one month since the FVREB’s inception in 1921.
Across Fraser Valley in March, the average number of days to sell a single-family detached home was 15 and a townhome was 14 days. Apartments took, on average, 31 days to sell.
According to the FVREB, the benchmark for a detached house in North Delta was $1,134,000, up 21.8 per cent from March 2020.
The benchmark for a North Delta townhouse was $613,700 and $400,900 for a condo, up 9.2 per cent and 2.9 per cent respectively from last year.