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Current: Maple Ridge & Pitt Meadows are in a Stable Market with Average Listing inventories, a 12 %SOLD Rate and Sell Price/List Price = 95%
(Meaning there is an Average of a $59,950 decrease on a Sale from the List price)
Most Active Range: Homes below $1.15 mill. have 29.9 %SOLD Rate
Least Active Range: Homes above $3.0 mill. have 0.0 %SOLD Rate.
History: The Maple Ridge, Pitt Meadows Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $252,052.
The Maple Ridge, Pitt Meadows Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $211,514.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Maple Ridge & Pitt Meadows has normal Listing supply; 261 homes are for sale and with the 12 %SOLD Monthly Rate gives us a ~8 months of inventory. Another Indicator: 8% of the Active listings have Reduced their Price by $58,738 on Average and $54,450 on Median in the last month. We project Maple Ridge - Pitt Meadows Detached to continue into a Stable Market.
Greater Vancouver December 2022:
The Vancouver Real Estate Market shows that 71% of the Detached Homes in December decreased their values by ($8,770) on average. That means 29% of the markets have actually gone up in December! We are forecasting that the majority of the Hongcouver Markets will stabilize this February and we should see price increases in March.
Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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.
Fraser Valley December 2022
In December, 89% of Fraser Valley Real Estate Detached Market prices decreased by ($26,006) on average. We are now forecasting that the majority of the Hongcouver Markets will stabilize in February 2023. This cash influx should trickle out and stabilize the Fraser Valley by March or April .
Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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.
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