Benchmark prices up accross the board, between 14.9%-32.3%

Since rocketing past the million mark for the first time ever in March sales have begun to slow their rapid increase.
July saw the first decline when compared to the benchmark price of the previous month:
June: $1,131,000
July: $1,129,900

It may not be a significant decrease, but it marks the first time in 20 months that the benchmark price has decreased.
The average sale price for a detached home in July 2021 was $275,900 higher than June 2020.

Supply has decreased between 38.1%-70.2% leading to a large decrease in average days on market for all sales (40-73%).



Just as in the Tri Cities, sales were down overall for the month of July:
Detached: -10.4%
Condo: -28.6%
Townhouse: -38.2%


 Maple Ridge detached homes remain at an all time high, however, the market is beginning to show signs of plateauing.