Here are the latest real estate market statistics from Macdonald Realty on Maple Ridge and Pitt Meadows listings and sales in October 2017.
In the Maple Ridge market, there were 115 sales and 357 active listings for detached homes at the end of the month. The benchmark sale price was $811,500, and the average days on market were 32. Albion, East Central, Northwest Maple Ridge, and Southwest Maple Ridge, with 17 sales each, experienced the most sales activities.
The condo market had 33 sales and 38 active listings. The benchmark sale price was $269,300 with 18 average days on market. The hottest market for sales was West Central, 14 sales.
Townhome featured 38 sales and 69 active listings. The benchmark sales price was $529,700 with an average days on market of 17. Cottonwood MR and East Central, with 11 sales each, had the most sales activities.
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