Vancouver Real Estate Market Update Reports / Maple Ridge, Pitt Meadows Real Estate Market Update Forecast Report

     The Maple Ridge, Pitt Meadows Housing Market Forecasts and Trends

 


 Maple Ridge, Pitt Meadows Real Estate Market Reports and Forecasts

Maple Ridge, Pitt Meadows Market Update
Silver Valley, South Meadows, Albion, Cottonwood MR, East Central and all the sub-areas of Maple Ridge, Pitt Meadows Real Estate Market Update Report.

What are Maple Ridge-Pitt Meadows's Best and Worst Investments?

Aug 1, 2018

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Current:  Maple Ridge & Pitt Meadows are in a Stable Market with Average Listing inventories, a 15 %SOLD Rate and Sell Price/List Price = 97% (Meaning there is an Average of a $20,000 Discount on a Sale from the List price)  

Most Active Range: Homes between $750,000 - $850,000 have 24.1 %SOLD Rate
Least Active Range: Homes above $1.1 mill. have 7.3 %SOLD Rate.

History: The Maple Ridge, Pitt Meadows Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $55,088.
                  The Maple Ridge, Pitt Meadows Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $41,878.
                      *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Maple Ridge & Pitt Meadows has normal Listing supply; 413 homes are for sale and with the 15 %SOLD Monthly Rate gives us a ~7 months of inventory.  Another Indicator: 21% of the Active listings have Reduced their Price by $46,940 on Average or $33,450 Median in the last month. We project Maple Ridge - Pitt Meadows Detached to continue into a Stable Market.

July's Real Estate Statistics shows 76% of Vancouver's Detached Markets decreased values in this last month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price decrease of $23,555 which displays a continuous decline from $11,020 price drop we saw in the month prior. On Average, the Fraser Valley Market shows $6,842 monthly price decrease which is a minimal improvement compared with $8,889 decrease that we saw in the month prior.  With the latest trade tariffs, foreign buyer taxes, higher personal taxes, tough mortgage lending rules and the pending interest rate increase, we are still forecasting a Buyer's Market across the Detached Markets.

Currently, the Condo Market continues to present a Cooler Market with 57% of the Greater Vancouver (Lower Mainland) now decreasing. At the same time, just 39% of the Townhouse Markets are increasing (11 out of 28 Markets). Both Markets remain to signify Buyer's "Watching and Waiting" behavior which is also seen at the end of the previous quarter. We are still forecasting a Buyers Market in the lower end Condo/Townhouse Markets for the foreseeable future. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighbourhood.

 

   

   Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

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Bill Coughlin, RE/MAX Results Realty sponsors Pitt Meadows, Maple Ridge Real Estate Market Updates. The report includes sub-areas such as Albion, Cottonwood MR, East Central, Silver Valley, South Meadows etc. We thank Bill for his support of these Market Updates. Contact Bill as the Local Expert.  more details.

Maple Ridge, Pitt Meadows Real Estate updates include the sub areas Albion, Silver Valley, South Meadows, Cottonwood MR, East Central etc.

Maple Ridge, Pitt Meadows Real Estate updates include the sub areas Albion, Silver Valley, South Meadows, Cottonwood MR, East Central etc.

Maple Ridge, Pitt Meadows Real Estate updates include the sub areas Albion, Silver Valley, South Meadows, Cottonwood MR, East Central etc.

Maple Ridge, Pitt Meadows Real Estate updates include the sub areas Albion, Silver Valley, South Meadows, Cottonwood MR, East Central etc.

Download the full MapleRidge.PittMeadows.Marketupdatereport.PDF

Albion, Silver Valley, South Meadows and all the sub areas of Maple Ridge, Pitt Meadows detailed stats

Albion, Silver Valley, South Meadows and all the sub areas of Maple Ridge, Pitt Meadows detailed stats

Albion, Silver Valley, South Meadows and all the sub areas of Maple Ridge, Pitt Meadows detailed stats

Albion, Silver Valley, South Meadows and all the sub areas of Maple Ridge, Pitt Meadows detailed stats

Maple Ridge, Pitt Meadows Real Estate updates include the sub areas Albion, Silver Valley, South Meadows, Cottonwood MR, East Central etc.

This Maple Ridge, Pitt Meadows Real Estate Market update includes the sub areas Cottonwood MR, East Central, Albion, Silver Valley, South Meadows etc.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report

 

 Pitt Meadows, Maple Ridge 

Real Estate Market Analysis Reports

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

Real Estate Pitt Meadows, Maple Ridge Market Reports

 

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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