Benchmark prices up accross the board, between 31% - 33.9% compared to March 2021.

Detached Market:

The April benchmark for detached homes was $348,900 higher than its 2021 counterpart. 

April marks a new benchmark high for detached homes in Maple Ridge, although the rate of increase is finally showing signs of slowing.
 The sale prices saw a 30-day increase of $17,600.
$50,800 smaller than March's 30 day increase.

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
March: $1,430,000
April: $1,447,600

Supply:

April saw supply continue to fluctuate as the market begins to transition. 

Detached homes saw 61 more listings than March, a 10.3% increase over the same time last year.
Condos saw 24 more listings than March, however supply is still 14.5% below April 2021.
Townhouses saw a marginal increase over March 2022; with 30 more listings. However townhouse supply has now blown past April 2021 by 49.3%

Sales:

Although the market remains busy sales in Maple Ridge plummeted compared to April 2021.
Sales are down between 40.8% and 54.8%.
Detached homes saw the largest sales decrease as buyers become wary of high prices. 

Townhouse Market:

Townhouse benchmark prices drcreased for the first time in 9 months.
After breaking $900,000 in March benchmark prices slip back in to the $800,000 range.
Townhouse benchmark pricing is down $13,800 in the last 30 days.
The pricing slip is due, at least in part, to increasing supply, and more options for buyers which means more competition for sellers.

SNAPSHOT: 

Supply increase. Sales Down. Townhomes Dip. A market in transition.