Here are the latest real estate market statistics from Macdonald Realty on Maple Ridge and Pitt Meadows listings and sales in January 2017.
In the Maple Ridge market, there were 52 sales and 276 active listings for detached homes at the end of the month. The benchmark sale price was $711,800, and the average days on market were 42. East Central with 12 sales experienced the most sales activity.
The condo market had 27 sales and 62 active listings. The benchmark sale price was $207,300 with 42 average days on market. The hottest market for sales was West Central, 16 sales.
Townhome featured 20 sales and 69 active listings. The benchmark sales price was $396,200 with an average days on market of 64. Cottonwood MR with 8 sales had the most sales activity in January.
It’s a seller’s market in for condos and townhomes.
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