Benchmark prices up accross the board, between 21.2% - 33.1%

In March benchmark prices for detached homes passed the million mark for the first time. 
Two months later, in May, it passed $1,100,000.
Now,due to a lack of supply, detached home prices are nearing the $1,200,000 mark.

In the last 30 days the benchmark price for detached homes has risen $26,700.

April: $972,600
March: $1,043,900
April: $1,098,700
May: $1,121,500
June: $1,131,000
July: $1,129,900
August: $1,138,700
September: $1,149,900
October: $1,176,600

Compared to October 2020 benchmark prices for detached homes in Maple Ridge has increased $292,400.
An increase of almost $300,000 in just 12 months.

Supply continues to decrease for the second month in a row.
Detached homes saw a 17% decrease in supply over the last 30 days. Condos saw a 30% decline, and townhouses a 15% decline in the past month.
Compared to the same time in 2020 supply is down across the board between 37.4-72.4%

As this trend continues prices will increase as buyers compete for fewer and fewer homes this fall/winter.


Sales have take a sizable hit compared the same time in 2020...due largely to low stock.
Compared to October 2020 detached sales are down 27%, townhouse sales are down a staggering 64%, and condos have seen a slight increase of 9%.

Compared to September 2021 sales remain steady.
Detached: +14%
Condo: 0%
Townhouse: -20%