- \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
After all areas of the market surpassed their 2022 benchmark price in August the beginning of fall brought about a shift as both detached homes and condos saw a downturn in September.<\/span><\/strong><\/pre>\nAfter hitting a 15-month low in January 2023 detached homes increased in price for seven consecutive months before seeing a small decline to their benchmark price in September.<\/p>\n
The condo market has remained variable in all of the lower mainland throughout 2023. After taking a large leap forward in August condo’s experiences a small September downturn; the benchmark price is now 1.9% above September 2022.<\/p>\n
After five months of consecutive pricing increases townhome’s took a hit to their benchmark price in July with a $15,700 reduction compared to June 2023. After two months of declining price townhouses were the only area of the market to see an increase in September. The 30-day increase was $11,400, however, the benchmark is still below June 2023. September 2023 benchmark price is now 3.6% above the September 2022 benchmark.<\/p>\n
Overall Supply Update:<\/strong><\/p>\n
Compared to the same time last year supply varies:
Detached: +1.3%
Condo: +34.4%
Townhomes: -11.6%<\/p>\nWhen September 2023 supply is compared to August 2023:
Detached: 21 more listing than in August
Condo: 20 more listings than in August
Townhouse: 8 more listings than in August<\/p>\nSupply in Maple Ridge remains relatively high.<\/p>\n
<\/strong><\/p>\n
Overall Sales Update:<\/strong><\/p>\n
Compared to the same time last year sales remain low:
Detached: -9.1%
Condo: -3.8%
Townhomes: 0.0%<\/p>\n<\/p>\n
Compared to August 2023 sales are variable but trending down:
Detached 5 less than August
Condo: 1 more sales than August
Townhouse: 9 less sales than August<\/p>\n<\/p>\n
Overall Sales & Supply At A Glance:<\/strong><\/p>\n
There is an abundance of supply while sales remain low.
<\/strong><\/h3>\n![\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/57a425dd8a7c9b6b8dd2bbcb6e2bceda6b042c88.jpg\"](\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/57a425dd8a7c9b6b8dd2bbcb6e2bceda6b042c88.jpg\")
<\/p>\nDetached Market Update:<\/strong><\/h3>\n
After eight consecutive months of pricing decreases January 2023's benchmark price matched Decemeber 2022's. Since then there were seven consecutive month's of pricing increases, before a decrease in September.
<\/strong>The September 2023 benchmark for detached homes is now 657,000 above September 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<\/strong>
August: $1,310,600
September: $1,297,200
Between February and August 2023 the benchmark price increased $141,600.<\/strong>
In the last 30 days the benchmark has decreased $13,400. It was only able to stay above 1.3 for two months.
<\/pre>\nTownhouse Market Update:<\/strong><\/h3>\n
The townhouse benchmark price has increased $11,400 in the last 30-days after decreasing $5,900 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
August: $763,400
September: $774,800
<\/strong>
<\/strong>The last peak for the townhouse market was in March 2022 at $903,000. September's benchmark is still $128,200 below the last peak.<\/strong>
<\/strong><\/span>Has the townhouse market top out below $800,000? Or will October see another pricing increase?<\/pre>\n<\/pre>\n
![\"maple](\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/maple_ridge_market_september_2023.jpg\")
<\/p>\nSNAPSHOT:<\/span><\/strong><\/p>\n
September sees prices cool for condos and detached homes while townhouses experience a slight increase after two hard months.
<\/strong><\/p>\nAll areas of the market have surpassed 2022 prices.
<\/strong><\/p>\nSupply remains high while sales are down.
<\/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 the Maple Ridge housing market CLICK HERE to contact us!<\/a><\/h3>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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