Benchmark prices up accross the board, between 31.8% - 42.1% compared to February 2021.
The February benchmark for detached homes was $389,000 higher than its 2021 counterpart.
February marks a new benchmark high for detached homes in Maple Ridge as sale prices see a massive 30-day increase of $77,300.
After taking six months to increase from 1.1 to 1.2, detached homes have increased over $150,000 in three months;
halfing the previous amount of time it took to increase $100,000.
May: $1,121,500
June: $1,131,000
July: $1,129,900
August: $1,138,700
September: $1,149,900
October: $1,176,600
November: $1,204,000
December: $1,254,200
January: $1,284,300
February: $1,361,600
February saw a second consecutive month of supply increases indicating that the market is beginning to edge towards a balance.
Detached homes saw a sizable 40% increase in supply over the last 30 days.
Condo's saw a 12% increase, and townhouse's saw a 43% supply increase.
February saw the number of sales decrease across the board compared to the same time in 2021;
mostly due to low supply.
Detached: -36%
Condo: -3.8%
Townhouse: -28%