Recently everyone has been seeing real estate all over the news and the main question we’ve been getting is: How’s the market doing? I thought I’d come on here and answer everyones question! The month of March was an interest one. Across the board we have seen more inventory but there are also more buyers out looking. We are also seeing some listings sit on the market for a lot longer.
Maple Ridge detached inventory is up 35% from the previous months and sales are only up 14%. Average sale prices are down from last month to $1,488,000 from $1,555,000 which is almost down to where prices were in January 2022. Days on market are staying the same with an average of 7 days.
Maple Ridge Townhouses and Condos: 2 bedroom units were the most popular in March with 50 sales and only 34 listings. 3 bedroom and 4 bedroom units are seeing more inventory and less sales. On average sale prices are down 15% from $778,400 to $660,000.
Contact us to see the full market update for Maple Ridge or any other city you are interested in. Let us know if you have any questions or get more details on a specific area. [email protected] or 604-341-9937