Delta 2022 Q4 Market Update
PUBLIC POLICY UPDATE:
- City of Delta is looking at developing a piece of land they own for workforce housing. Applying for grant funds now.
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One Delta County is going to start on the infrastructure for a future industrial park. Applying for grant funding to assist.
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City and County governments are working together with the new Library. The new location for the City of Delta’s Police is under major renovations.
| 2021 Q4 | 2022 Q4 | %+- | |
| VELOCITY (Source – MLS) | |||
| Commercial Sales Volume | $17,953,750 | $13,886,225 | -29.3% |
| Commercial Transactions | 40 | 28 | -42.9% |
| VACANCY RATE | N/A | N/A | |
| CAP RATE | N/A | N/A | |
| SALES TAX INDICATORS (Source – City of Delta, Delta County) | |||
| All Sales Tax | $8,556,654 | 10,383,349 | +21.2% |
| Lodging Taxes | $142,379.23 | $157,758.00 | +10.8% |
