- \n
- How statistics stack up to the previous month’s activity.<\/li>\n
- Where we are standing compared to the same time period in 2021.<\/li>\n
- Larger market trends.<\/li>\n<\/ol>\n<\/ol>\n
<\/p>\n
Maple Ridge Benchmark Price Overview:<\/h2>\n
<\/pre>\n
The only area of the Maple Ridge market where the benchmark price remains above its 2021 counterpart is the condo market. <\/p>\n
Condo prices are still 3.3% above December 2021.<\/p>\n
Detached homes and townhouses as both below December 2021 prices.<\/span>
Detached homes are now 11.8% below December 2021 and prices are at a 14 month low.
December 2019 was the last time that detached homes benchmark price was lower than the previous year.
Townhomes are now 5.6% below December 2021 prices; and almost identical to October 2021 prcing.<\/p>\nOverall Supply Update:<\/h3>\n
Compared to the same time last year supply has seen a monumental rise across the board:
Detached: +178.4%
Condo: +77.5%
Townhomes: +278.6%<\/p>\n
However, when you compare supply to November 2022 there has been a 30-day drop in available properties.
Over the last 30 days there have been the following changes:
Detached: 116 less listings when compared November
Condo: 22 less listing when compared November
Townhouse: 27 less listings when compared November
<\/pre>\nOverall Sales Update:<\/h3>\n
Compared to the same time last year sales decreased across the board:
Detached: -51.2%
Condo: -53.8%
Townhomes: -34.6%<\/p>\n
In the last 30 days sales have also decreased:
Detached: 10 less sales than in November
Condo: 22 less sale than in November
Townhouse: 10 more sales than in November<\/pre>\nOverall Sales & Supply At A Glance:<\/h3>\n
Suppply takes a massive jump up and sales are down compared to December 2021. <\/span><\/strong><\/p>\n
When compared to November 2022, the market is following more of a traditional yearly trajectory.<\/span><\/strong><\/p>\n
<\/span><\/strong><\/p>\n
Detached Market Update:<\/h3>\n
December marks the eigth consecutive month of pricing decreases.
<\/strong>The december benchmark for detached homes is now $156,200 below<\/strong> its 2021 counterpart.
<\/pre>\nDetached Home Benchmark Pricing:<\/strong><\/span><\/p>\n
April: $1,469,900
May: $1,438,500
June: $1,379,700
July: $1,343,800
August: $1,279,200
September: $1,229,800
October: $1,199,900
November: $1,182,800
December: $1,166,600
While the benchmark price is now well below 2021 it only decreased $16,300 in the last 30 days.
<\/pre>\nTownhouse Market Update:<\/h3>\n
After increasing slightly in September the benchmark price for townhomes is once again on it way down, and has dropped below 2021 prices.
The townhouse benchmark price has decreased $17,500 in the last 30-days.<\/p>\nJune: $833,400
July: $792,900
August: $750,700
September: $751,100
October: $732,700
November: $730,300
December: $712,800
In the last four months the benchmark price for townhomes in Maple Ridge has decreased $37,900. An average decrease of ~$9,500 a month.
<\/strong><\/span><\/pre>\n<\/pre>\n
SNAPSHOT:<\/span><\/strong><\/h2>\n
<\/strong><\/pre>\n
Market Continues To Decline. However Fairly Status Quo Given The Time Of Year
<\/span><\/strong><\/h3>\nBuyers Market<\/span><\/strong><\/h3>\n
![\"mr](\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/mr_f.jpg\")
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