Vancouver Real Estate Market Update Reports / Maple Ridge, Pitt Meadows Real Estate Market Update Forecast Report

     The Maple Ridge, Pitt Meadows Housing Market Forecasts and Trends

 


 Maple Ridge, Pitt Meadows Real Estate Market Reports and Forecasts

Maple Ridge, Pitt Meadows Market Update
Silver Valley, South Meadows, Albion, Cottonwood MR, East Central and all the sub-areas of Maple Ridge, Pitt Meadows Real Estate Market Update Report.

What are Maple Ridge-Pitt Meadows's Best and Worst Investments?

Mar 1, 2021

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Current:  Maple Ridge & Pitt Meadows are in a Seller Market with Average Listing inventories, a 43 %SOLD Rate and Sell Price/List Price = 104%
                      (Meaning there is an Average of a $35,000 Discount on a Sale from the List price)  

Most Active Range: Homes between $700,001 - $800,000 have 69.7 %SOLD Rate
Least Active Range: Homes above $1.7 mill. have 19.2 %SOLD Rate.

History: The Maple Ridge, Pitt Meadows Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $332,732.
               The Maple Ridge, Pitt Meadows Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $255,000.
                        *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Maple Ridge & Pitt Meadows has normal Listing supply; 172 homes are for sale and with the 43 %SOLD Monthly Rate gives us a ~2 months of inventory.  Another Indicator: 5% of the Active listings have Reduced their Price by $80,556 on Average or $100,000 Median in the last month. We project Maple Ridge - Pitt Meadows Detached to continue into a Seller Market.

 

March's Real Estate Statistics show that we are still in the highly emotional "Gold Fever"market. We have seen 100% of the Single-Family Homes in Metro Vancouver go up this month with most buyers competing in bidding wars. The Average Monthly Price increase is a whopping $84,263! This is the Highest Price increase on record since 2016. ON the other hand, 100% of Fraser Valley Detached Markets went up this month with a whopping $60,306 monthly price changes on average. This seller's market is partly due to the fact that we have Low listing levels. We are forecasting that in the Metro Vancouver Markets will continue to be a Strong Seller's Market for the coming month.

Currently, Condos are in a more subdued Seller's Market with 100% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was a $17,534. At the same time, all Townhouse Markets increased an average of $37,065. We analyze and provides 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.

   

   Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

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Bill Coughlin, eXp Realty sponsors Pitt Meadows, Maple Ridge Real Estate Market Updates. The report includes sub-areas such as Albion, Cottonwood MR, East Central, Silver Valley, South Meadows etc. We thank Bill for his support of these Market Updates. Contact Bill as the Local Expert.  more details.

Maple Ridge, Pitt Meadows Real Estate updates include the sub areas Albion, Silver Valley, South Meadows, Cottonwood MR, East Central etc.

Maple Ridge, Pitt Meadows Real Estate updates include the sub areas Albion, Silver Valley, South Meadows, Cottonwood MR, East Central etc.

Maple Ridge, Pitt Meadows Real Estate updates include the sub areas Albion, Silver Valley, South Meadows, Cottonwood MR, East Central etc.

Maple Ridge, Pitt Meadows Real Estate updates include the sub areas Albion, Silver Valley, South Meadows, Cottonwood MR, East Central etc.

Download the full MapleRidge.PittMeadows.Marketupdatereport.PDF

Albion, Silver Valley, South Meadows and all the sub areas of Maple Ridge, Pitt Meadows detailed stats

Albion, Silver Valley, South Meadows and all the sub areas of Maple Ridge, Pitt Meadows detailed stats

Albion, Silver Valley, South Meadows and all the sub areas of Maple Ridge, Pitt Meadows detailed stats

Albion, Silver Valley, South Meadows and all the sub areas of Maple Ridge, Pitt Meadows detailed stats

This Maple Ridge, Pitt Meadows Real Estate Market update includes the sub areas Cottonwood MR, East Central, Albion, Silver Valley, South Meadows etc.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report

 

 Pitt Meadows, Maple Ridge 

Real Estate Market Analysis Reports

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

Real Estate Pitt Meadows, Maple Ridge Market Reports

 

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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