Courtesy of Taylor Brown

Delta Market Report for April 2022

Median Selling Price

$675,00 apartment UP 4.4% year-to-year

$1,692,500 detached UP 2.5% year-to-year

80 SOLD LISTINGS

59.3% SALES TO NEW LISTING RATIO

135 NEW LISTINGS

36 31

detached

apartment

Metro Vancouver home sales return to more traditional levels in April

pace of home sales that we’ve experienced over the last two months provides hopeful home buyers more time to make decisions, secure financing and perform other due diligence such as home inspections.” There were 6,107 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2022. This represents a 23.1 percent decrease compared to the 7,938 homes listed in April 2021 and an 8.5 percent decrease compared to March 2022 when 6,673 homes were listed. Statistics reflect market activity in April 2022 | Source: REBGV ® Real Estate Board of Greater Vancouver | Market values stated are of the Median Selling Price of Delta and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Vancouver, May 3, 2022 – Homebuyer demand in Metro Vancouver returned to more historically typical levels in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 percent decrease from the 4,908 sales recorded in April 2021, and a 25.6 percent decrease from the 4,344 homes sold in March 2022. Last month’s sales were 1.5 percent above the 10-year April sales average. “So far this spring, we’ve seen home sales ease down from the record-breaking pace of the last year,” Daniel John, REBGV Chair said. “While a small sample size, the return to a more traditional

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