- \n
- How statistics stack up to the previous month’s activity.<\/li>\n
- Where we are standing compared to the same time period in 2022.<\/li>\n
- Larger market trends.<\/li>\n<\/ol>\n<\/ol>\n
<\/p>\n
Maple Ridge Benchmark Price Overview:<\/strong><\/h3>\n
While benchmark prices have remained below their 2022 counterparts for the entirety of 2023 all areas of the market are now edging towards parity with 2022 pricing.<\/pre>\n
After hitting a 15-month low in January detached homes have increased in pricing for six consecutive months and their benchmark price is now only 2.8% below July 2022.
Condo pricing has only risen $26,400 in all of 2023 and the benchmark price is still 4.3% below July 2022.
After five months of consecutive pricing increases townhome’s took a hit to their benchmark price in July, however, they are now only 2.6% below the July 2022 market.<\/p>\nOverall Supply Update:<\/strong><\/p>\n
Compared to the same time last year supply has decreased across the board:
Detached: -14%
Condo: -14.7%
Townhomes: -38.4%<\/p>\nWhen July 2023 supply is compared to June 2023:
Detached: 8 more listing than in June
Condo: 3 less listings than in June
Townhouse: 6 less listings than in June<\/p>\nWhile supply is down year over year it remains level compared to 2023.<\/p>\n
<\/strong><\/p>\n
Overall Sales Update:<\/strong><\/p>\n
Compared to the same time last year sales greatly increased:
Detached: +30.4%
Condo: +34.8%
Townhomes: +44.4%<\/p>\n<\/p>\n
Compared to June 2023 sales have also trended downwards:
Detached:12 less than June
Condo: 22 less sales than June
Townhouse: 18 less sales than June<\/p>\n<\/p>\n
Overall Sales & Supply At A Glance:<\/strong><\/p>\n
Compared to 2022 there are far less listings and a far greater number of sales.
<\/strong><\/p>\nOver the last 30 days, compared to June 1-30 2023, supply has remained even while sales have begun to dip.
<\/span><\/strong><\/p>\n<\/span><\/strong><\/p>\n
Detached Market Update:<\/strong><\/h3>\n
After eight consecutive months of pricing decreases January's benchmark price matched Decemeber's. Since then there has been six consecutive month's of pricing increases.
<\/strong>The July 2023 benchmark for detached homes is now only $37,000 below July 2022.<\/pre>\nDetached Home Benchmark Pricing:<\/strong><\/span><\/p>\n
January: $1,166,000
February: $1,169,000
March: $1,179,500
April: $1,219,600
May: $1,261,700
June: $1,284,200
July: $1,307,400
Since the benchmark price started increasing in February it has risen $138,400.<\/strong>
In the last 30 days the benchmark has risen $23,200 and broken $1,300,000 for the first time in 12 months.
<\/pre>\nTownhouse Market Update:<\/strong><\/h3>\n
The townhouse benchmark price has fallen $15,700 in the last 30-days after increasing $17,700 in the previous 30 day cycle.<\/p>\n
January: $699,000
February: $723,600
March: $731,700
April: $747,000
May: $768,100
June: $785,000
July: $769,300
<\/strong><\/span>The last peak for the townhouse market was in March 2022 at $903,000. July's benchmark is still $133,700 below the last peak.<\/strong>
<\/strong><\/span>Will the townhouse market top out here? Or will Agust see a return to pricing increases?<\/pre>\n<\/pre>\n
![\"maple](\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/maple_ridge_july_2023_market_update.jpg\")
<\/p>\nSNAPSHOT:<\/span><\/strong><\/p>\n
Month over month prices continue to increase in 2023 for detached homes while condos and townhouse stumble in July.
<\/strong><\/p>\nAll areas of the market are edging closer to parity with 2022 prices.
<\/strong><\/p>\nSupply remains relatively high while sales slump.
<\/strong><\/p>\n![\"Rod](\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/r3_logo_a.png\" "\\"Rod")
<\/strong><\/p>\nLet our knowledge and expertise ease your mind, so you don’t have to stess over the details. We are here to make your life easier.<\/p>\n
Your Neighbourhood Experts<\/a><\/h4>\n
Looking for more information on Port Coquitlam’s housing market CLICK HERE to contact us!<\/a><\/h3>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Looking for an accurate picture of where the real estate market is headed? Today we dive in and take a deeper look at the Maple …<\/p>\n","protected":false},"author":2,"featured_media":2285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
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