With how crazy the market has been over the past year or so, keeping up with the market can be challenging. We have broken it down to make it easy and quick to understand.
You’re July 2022 market stats are in!
Detached/single family homes in Maple Ridge are seeing inventory stay similar to June 2022. Prices and sales are down 2% from June 2022, this slowdown has partially been caused by the rise in interest rates. Silver Valley has the highest sales ratio for the month of July with 34% of inventory selling. Most homes selling in Maple Ridge had 3 to 6 bedrooms.
Condos and townhouses in Maple Ridge saw an increase in sale price and inventory in July from June! Sale prices came back up to an average of $650,250 which is 5% more than June 2022. This is still higher than the average sales in 2021. Condo and townhouse sales are down 35%. July reached a total of 50 sales in the month which is the lowest number of sales per month so far this year. Listing days on the market are now sitting at 10 days on average. The most common sale prices fall between $300,000-$500,000 and $600,000-$700,000.
If you have any questions or would like to talk to a real estate expert give us a call today at 604-341-9937 or email us at [email protected] we are happy to answer any questions you may have or help create a plan to help you achieve your real estate goals!