- \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
<\/pre>\n
Maple Ridge Market Update Overview:<\/h3>\n
Benchmark prices are up across the board in Maple Ridge between 2.5-16.2% over thier 2021 counterparts.
Despite the current market downturn, the market, as a whole, remains at a higher pricepoint than the same time last year.<\/span>
<\/pre>\nOverall Supply Update:<\/h4>\n
Compared to the same time last year supply has seen a monumental rise across the board:
Detached: +95.1%
Condo: +13.3%
Townhomes: +214.8%<\/p>\n
However, when you compare supply to August 2022 there has been a minor 30-day dip in available properties.
When compared to August 2022:
Detached: 7 less listings in September
Condo: 8 less listingsin September
Townhouse: 27 less listings in September
<\/pre>\nOverall Sales Update:<\/h4>\n
Compared to the same time last year sales decreased across the board:
Detached: -43.3%
Condo: -42.2%
Townhomes: -8.6%<\/p>\n
However, when compared to August 2022 sales remain relatively steady:
Detached: 3 less sales in September
Condo: 1 more sale in September
Townhouse: 4 more sales in September<\/pre>\nOverall Sales & Supply At A Glance:<\/h4>\n
Suppply is up and sales are down compared to 2021. When compared to August 2022, the market remains largely the same.<\/span><\/strong><\/p>\n
<\/span><\/strong><\/p>\n
<\/span><\/strong><\/p>\n
Detached Market Update:<\/h3>\n
After a continual rise in prices for 2 years and 7 month, September marks the fifth consecutive month of pricing decreases.
<\/strong>The September benchmark for detached homes is now only $29,500 higher than its 2021 counterpart.
The question is now...how far will it fall? Will prices in the coming months dip below their 2021 benchmark.
<\/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
The benchmark price decreased $49,400 in the last 30 days.
Despite the large drop in benchmark price the rate of decline is slowing compared to the July-August drop.
The decrease in the last 30 days was $15,200 less than the $64,6000 drop seein in July-August.
<\/pre>\n<\/pre>\n
Townhouse Market Update:<\/h3>\n
Townhouse benchmark prices increased (by a very minor amount) for the first time in six months.<\/strong><\/span>
Townhouse benchmark pricing has increased by $400 in the last 30 days.<\/p>\nJune: $833,400
July: $792,900
August: $750,700
September: $751,100
In the last four months the benchmark price for townhomes in Maple Ridge has decreased over $108,000.
Nonetheless, the benchmark price for a townhome is still $51,000 higher than the same time last year.
<\/strong><\/span><\/pre>\n<\/pre>\n
SNAPSHOT:<\/span><\/strong><\/h3>\n
<\/strong><\/pre>\n
Market Is Beginning To Steady In To A Status Quo<\/span><\/strong><\/h3>\n
Ample Supply, Low Sales. Still A Buyers Market<\/span><\/strong><\/h3>\n
![\"mr](\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/mr_e.jpg\" "\\"Real")
<\/span><\/p>\n<\/span><\/pre>\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":2349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1185","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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