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?

Archive Peak to Date Changes

Oct 1, 2024

gas gauge

Current:  Maple Ridge & Pitt Meadows are in a Buyer's Market with Average Listing inventories, a 9 %SOLD Rate and Sell Price/List Price = 97%
                      (Meaning there is an Average of a $34,999 decrease in a Sale from the List price)  

Most Active Range: Homes below $1.15 mill. have 20.2 % SOLD Rate
Least Active Range: Homes above $3.0 mill. have 2.4 %SOLD Rate.

History: The Maple Ridge, Pitt Meadows Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices decreased $74,890.
               The Maple Ridge, Pitt Meadows Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $23,630.
                        *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Maple Ridge & Pitt Meadows has normal Listing supply; 581 homes are for sale and with the  9 %SOLD Monthly Rate gives us a ~11 months of inventory. Another Indicator: 11% of the Active listings have Reduced their Price by $53,688 on average and $49,000 on Median in the last month. We project Maple Ridge - Pitt Meadows Detached to continue into a Buyer's Market.

Greater Vancouver September 2024:

The market for single-family homes in Greater Vancouver is steady this month because many Chinese buyers are coming in for the National Holiday and the Mooncake Festival. Right now, 62% of homes are experiencing small price increases, which is a big change from the $24,000 average drop we saw in the last few months. Looking ahead, we think most home buyers and investors will wait before jumping back into the market until interest rates go down more and prices drop. We expect that Metro Vancouver will still be a buyer's market until the early spring.

In September, average prices for condos fell by $3,452, while townhouses dropped by $5,908. We forecast that the condo and townhouse markets will continue to be in a buyer's market over the next few months.

To keep up with the latest market trends, tune in every Saturday at noon on VancouverMarketReports.com. We analyze which areas in the Lower Mainland are rising or falling. For a full update on market values, forecasts, and a detailed analysis of your neighborhood, reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley September 2024:

The market for single-family homes in Fraser Valley is still favoring buyers. Currently, 67% of homes are seeing price decreases, with an average drop of $4,213 in September. This decline is better than the $25,000 average drop we saw in the past couple of months. Moving forward, we forecast most home buyers and investors will be holding off stepping back into the market as the wait for further cuts in interest rates and market drops. We expect the Fraser Valley area will remain a buyer's market until the early spring.

In September, average prices for condos fell by $3,894, while townhouses dropped by $4,569. We forecast that the condo and townhouse markets will continue to be in a buyer's market over the next few months.

To keep up with the latest market trends, tune in every Saturday at noon on VancouverMarketReports.com. We analyze which areas in the Lower Mainland are rising or falling. For a full update on market values, forecasts, and a detailed analysis of your neighborhood, reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

 

 


   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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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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