Current: Maple Ridge & Pitt Meadows are in a Seller Market with Average Listing inventories, a 16 %SOLD Rate and Sell Price/List Price = 97%
(Meaning there is an Average of a $25,000 Discount on a Sale from the List price)
Most Active Range: Homes below $760,000 - $800,000 have 26.6 %SOLD Rate
Least Active Range: Homes above $1.3 mill. have 8.5 %SOLD Rate.
History: The Maple Ridge, Pitt Meadows Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $65,001.
The Maple Ridge, Pitt Meadows Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $63,133.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Maple Ridge & Pitt Meadows has normal Listing supply; 547 homes are for sale and with the 16 %SOLD Monthly Rate gives us a ~6 months of inventory. Another Indicator: 19% of the Active listings have Reduced their Price by $33,642 on Average or $22,650 Median in the last month. We project Maple Ridge - Pitt Meadows Detached to continue into a Seller Market.
May's Real Estate Statistics shows 64% of Vancouver's Detached Markets values decreased this month. Generally, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $14,880, which is a significant decline from last month's $8,007 price drop. On the other hand, the Fraser Valley shows a steady Market with the monthly price increase of $1,580. The following month's forecasts for Detached Homes are: a continued Buyer's Market across most of Vancouver and a Stable Market over most of the Fraser Valley.
Currently, the Condo Market presents a Warmer Market with 43% of the Greater Vancouver (Lower Mainland) Condo Prices Increasing. On the same note, 46% of the Townhouse Markets are Increasing. (13 out of 28 Markets). We are forecasting a Buyers’ Market in most Condo and Townhouse Markets for the coming month. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.