Here are the latest real estate market statistics from Macdonald Realty on Maple Ridge and Pitt Meadows listings and sales in August 2017.
In the Maple Ridge market, there were 120 sales and 393 active listings for detached homes at the end of the month. The benchmark sale price was $803,800, and the average days on market were 26. Cottonwood MR with 20 sales experienced the most sales activity.
The condo market had 29 sales and 28 active listings. The benchmark sale price was $252,000 with 12 average days on market. The hottest market for sales was East Central, 15 sales.
Townhome featured 47 sales and 44 active listings. The benchmark sales price was $508,100 with an average days on market of 11. Cottonwood MR with 14 sales had the most sales activity.
It’s a seller’s market for all product types.
Looking for more information about the real estate market in specific neighbourhoods in Maple Ridge?
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.rebgvkv.org