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South Delta house prices rise again in January

Tsawwassen up 2.5% to reach $1.04 million
real estate
Last year’s red hot real estate market in South Delta isn’t showing any signs of slowing down in 2016.

House prices continue their dizzying upward climb in Delta, especially in Tsawwassen.

The Real Estate Board of Greater Vancouver's latest numbers show residential property sales in Greater Vancouver for January were up 31.7 per cent from the sales recorded in January 2015, but a decline of almost an 11 per cent from December's activity.

The so-called "benchmark price" for a singledetached house in Tsawwassen, however, didn't take a step back, increasing 2.5 per cent over the previous month to reach $1,047,200. It's also a whopping 37.8 per cent increase over January 2015, the biggest jump among all the communities covered by the Greater Vancouver Real Estate Board.

The price of a detached house in Ladner was almost unchanged, sitting at a benchmark of $868,600. That price represents an increase of 30.6 per cent over the previous year, among the top gains in Greater Vancouver.

Condos and townhomes in South Delta were another story as they saw small decreases over the previous month, with the exception of Ladner condos that saw a modest increase.

As far as North Delta, the Fraser Valley real estate market showed no signs of slowing down, producing the strongest sales for January on record, according to the Fraser Valley Real Estate Board.

That board listed the benchmark for a single detached house in North Delta at $721,600. It also lists an "average price" that had North Delta at $816,299, an increase of almost 40 per cent over the previous year.

As in South Delta, the price of townhomes and condos slipped slightly in North Delta from the previous month.