Here are the latest real estate market statistics from Macdonald Realty on Maple Ridge and Pitt Meadows listings and sales in December 2016.
In the Maple Ridge market, there were 65 sales and 245 active listings for detached homes at the end of the month. The benchmark sale price was $708,000, and the average days on market were 41. East Central with 17 sales experienced the most sales activity.
The condo market had 23 sales and 57 active listings. The benchmark sale price was $208,300 with 36 average days on market. The hottest market for sales was West Central, 13 sales.
Townhome featured 26 sales and 44 active listings. The benchmark sales price was $391,000 with an average days on market of 49. East Central with 10 sales had the most sales activity in December.
It’s a seller’s market in Maple Ridge for all product types.
Looking for more information about the real estate market in specific neighbourhoods in Maple Ridge and Pitt Meadows?
MLS® Home Price Index (HPI) Benchmark Price
Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.
This blog post is based on market data provided by the Real Estate Board of Greater Vancouver (REBGV) www.rebgv.org