Real estate listings and home sales for South Delta
With average sales around 70 homes a month for 2011, and 74 agents working the area, competition for business is keen in South Delta. Active total listings in South Delta varies from around 230 to 360 units. The first 4 months sales for detached homes, townhomes and condos in Ladner and Tsawwassen totalled 245 homes. With average monthly sales around 61 homes, the real estate market in South Delta at around 5.5 months of supply is in balance. View Ladner and Tsawwassen homes for sale here.
Compared to other areas in the lower mainland of Vancouver, South Delta has a h balance of supply and demand for homes. The number of months of inventory for South Delta for 2011 at around 5.5 months kept pace with the bouyant market for 2011.
Home prices in South Delta
When compared to Richmond, Sout Delta home prices are selling at around 20% to 25% lower than homes in Richmond. The average price for a single family detached home is around $700,000 compared to the average price around $1.00 million in Richmond.
Condo and townhome markets in South Delta
The average price for a townhouse in South Delta is around $430,000 compared to around $550,000 in Richmond. There is no significant difference in the selling prices condos in South Delta and Richmond. The average price for condos in South Delta is around $340,00. View condos for sale in Tsawwassen and Ladner.
There are twice as many condos than townhouses listed for sale in Ladner and Tsawwassen. The monthly sale figure generally follows similar pattern with twice as many condos sold compred to townhouses. The combined average number of townhouses and condos sold in Ladner and Tsawwassen is around 20 units a month. View townhomes for sale in South Delta.
