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, the benchmark price passed $1,100,000.
Now, 6 months later the benchmark price for detached homes has broken $1,200,000.

In the last 30 days the benchmark price for detached homes has risen $27,400.

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
November: $1,204,000

Compared to November 2020 the benchmark price for detached homes in Maple Ridge has increased $306,100.

Supply has continued to decrease for the third month in a row.
Detached homes saw a 17.9% decrease in supply over the last 30 days. Condos saw a 22.6% decline.
 Townhouses saw a slight supply increase of 8.3% 
Compared to the same time in 2020 supply is down across the board between 44.1-65.8%

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


November was an extremely active month for the market, despite low supply.
Compared to November 2020 detached sales are up 2.9%, even with nearly half as many listings. 
 Condo sales are up a staggering 87%
While the townhouse market slowed in November with a sales decrease of 8.7% 

Compared to October 2021 sales remain steady.
Detached: -7.1%
Condo: -4.4%
Townhouse: +57.1%