- \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:<\/h2>\n
<\/pre>\n
For the entirety of 2023 all areas of the market have remained below their counterpart 2022 prices. Condos were the last area to slip below the previous year’s benchmark price.<\/p>\n
After hitting a 15-month low in January detached homes have increased in pricing for 3 consecutive months. However, their benchmark is still 20.5% below April 2022.
Townhomes are now 19.4% below April 2022 prices, but higher than October 2022 pricing.
After remaining stagnant for four months condo prices have taken a jump upwards brining them back on par with the October 2022 benchmark.<\/p>\nOverall Supply Update:<\/strong><\/p>\n
Compared to the same time last year supply continues to fluctuate widely:
Detached: -12.4%
Condo: +52.8%
Townhomes: -4.6%<\/p>\n<\/p>\n
However, when you compare supply to March 2023 it has remained relatively stable over the last 30 days:
Detached: 11 more listings when compared March
Condo: 3 less listing when compared March
Townhouse: 3 more listings when compared March
<\/pre>\nOverall Sales Update:<\/h3>\n
Compared to the same time last year sales have fluctuated across the board:
Detached: -1.2%
Condo: +10.3%
Townhomes: -21.2%<\/p>\n
However, in the last 30 days sales have increased:
Detached: 10 more sales than in March
Condo: 4 more sale than in March
Townhouse: 2 more sales than in March<\/pre>\nOverall Sales & Supply At A Glance:<\/h3>\n
Compared to April 2022 condo’s are seeing increased supply & sales, while townhouses and detached homes are seeing both a supply & sales reduction.<\/span>
<\/strong><\/p>\nWhen compared to March 2023, sales are up & supply has fluctuated marginally.
<\/span><\/strong><\/p>\n<\/span><\/strong><\/p>\n
Detached Market Update:<\/h3>\n
After eight consecutive months of pricing decreases January's benchmark price matched Decemeber's. Since then there has been three consecutive month's of pricing increases.
<\/strong>The April benchmark for detached homes is $250,300 below April 2022, but $40,100 above March 2023's benchmark price.
<\/pre>\nDetached Home Benchmark Pricing:<\/strong><\/span><\/p>\n
October: $1,199,900
November: $1,182,800
December: $1,166,600
January: $1,166,000<\/strong>
February: $1,169,000
March: $1,179,500
April: $1,219,600
Since the benchmark price started increasing in February it has risen $53,600.
75% of the entire 90 day pricing increase has come in the last 30 days.<\/strong>
<\/pre>\nTownhouse Market Update:<\/h3>\n
After decreasing for four consecutive months the benchmark price begin to increase in February and has continued upwards since then.
The townhouse benchmark price has increased $15,300 in the last 30-days and $48,000 in the last 90-days.<\/p>\nJune: $833,400
July: $792,900
August: $750,700
September: $751,100
October: $732,700
November: $730,300
December: $712,800
January: $699,000
February: $723,600
March: $731,700
April: $747,000
<\/strong><\/span><\/pre>\n<\/pre>\n
SNAPSHOT:<\/span><\/strong><\/h2>\n
<\/strong><\/pre>\n
After 3 consecutive months the market is indicating that both townhouses and detached homes are trending upwards.
<\/span><\/strong><\/h3>\nThe market is now balanced, slightly indicating it may move towards favoring sellers.<\/strong><\/h3>\n
<\/strong><\/p>\n
![\"Maple](\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/mr_g.jpg\" "\\"Maple")
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