House prices continue their sharp upward trajectory in the City of Delta.
According to the Real Estate Board of Greater Vancouver’s sales figures for April, home sellers have become increasingly active in Metro Vancouver’s housing market this spring in response to heightened demand and rising home values that have materialized during the pandemic.
The benchmark price for a single-detached house in Ladner last month was $1,270,600.
That’s up 5.4 per cent from the previous month and 29.5 per cent from April 2020.
The benchmark for a house in Tsawwassen was $1,348,500, up almost three percent from March and 22.2 per cent for the year.
The benchmark for a townhouse in Ladner last month was $712,900, up almost 10 per cent over the year, while for Tsawwassen it was $675,200, up 7.6 per cent over the year.
The benchmark for a condo in Ladner was $553,200 and it was $583,200 for Tsawwassen, up 7.7 per cent and 7.2 per cent respectively over the year.
Meanwhile, the Fraser Valley Real Estate Board says while sales dipped slightly last month compared to March, the 2020/21 pandemic seller’s market in the Fraser Valley has now surpassed the previous longest stretch of seven consecutive, record-breaking months, last set in 2015/16.
The benchmark for a single-detached house in North Delta in April was $1,207,700, up 6.5 per cent from the previous month and 30.3 per cent over the year.
The benchmark for a townhouse was $655,500, up almost 20 per cent over the year, and for a condo it was $404,200, which was almost unchanged for the year.
