The latest on Delta’s housing prices

The sharp month-to-month increases have slowed in recent months but house prices are now significantly higher from a year ago

While the price of houses in the Lower Mainland have seen a stabilization over the past couple of months, Delta is one of the few communities in August to experience an increase.

According to the Real Estate Board of Greater Vancouver, the benchmark price for a single detached house in Ladner was $1,287,300 last month, up almost two per cent from the previous month and just over 28 per cent from the same time last year.

The benchmark for a Tsawwassen house was $1,406,200, up 2.2 per cent from the previous month and 22.7 per cent over the year.

The benchmark for a townhouse in Ladner last month was $764,200 and it was $850,300 for Tsawwassen.

The benchmark for a condo in Ladner and Tsawwassen was $571,300 and $637,400 respectively.

The REBGV notes that, overall, while home buyers have remained active in Metro Vancouver throughout the summer, the supply of homes for sale has declined steadily since June.

The real estate board also notes that while sales saw a 3.4 per cent increase from the sales recorded in August 2020, sales were 5.2 per cent down from the homes sold in July 2021.

According to the Fraser Valley Real Estate Board, the benchmark for a single-detached house in North Delta was $1,208,700, up 1.4 per cent from the previous month and 29.2 per cent from August 2020.

The benchmark in North Delta for a townhouse and condo was $680,400 and $401,500 respectively.

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Source:   Delta Optimist