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?

Archive Peak to Date Changes

Jun 1, 2024

gas gauge

Current:  Maple Ridge & Pitt Meadows are in a Stable Market with Average Listing inventories, a 15 %SOLD Rate and Sell Price/List Price = 98%
                      (Meaning there is an Average of a $28,800 decrease in a Sale from the List price)  

Most Active Range: Homes below $1.15 mill. have 30.8 % SOLD Rate
Least Active Range: Homes above $3.0 mill. have 0.0 %SOLD Rate.

History: The Maple Ridge, Pitt Meadows Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices decreased $49,987.
               The Maple Ridge, Pitt Meadows Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $32,649.
                        *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Maple Ridge & Pitt Meadows has normal Listing supply; 501 homes are for sale and with the  18 %SOLD Monthly Rate gives us a ~6 months of inventory. Another Indicator: 13% of the Active listings have Reduced their Price by $52,981 on average and $40,000 on Median in the last month. We project Maple Ridge - Pitt Meadows Detached to continue into a Stable Market.

Greater Vancouver June 2024:

In Greater Vancouver, the price of single-family homes went up by an average of $9,848, which is a substantial reduction from the $22,450 increase in May. The housing market continues to experience pressure as home buyers are still waiting for a bigger drop in interest rates, which we are now expecting this fall.  We predict that the Metro Vancouver area is now a buyer's market and will stay that way for the next few months.

Last month, the average price of condos went down by $7,295, but townhouse prices actually went up by $2,120. We think the condo and townhouse markets have stabilized and will be a buyer's market in Vancouver for the next few months.

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are doing well and which are not. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

 

Fraser Valley June 2024:

In Fraser Valley, the price of single-family homes increased by an average of $1,063, which is a similar increase that we saw in May. The housing market continues to experience pressure as home buyers are still waiting for a bigger drop in interest rates, which we are now expecting this fall. We predict that the Fraser Valley area is now a buyer's market and will remain so for the next few months.

Last month, the average price of condos went down by $5,499, and townhouse prices also decreased by $2,253. We think the condo and townhouse markets have stabilized and will be a buyer's market in Vancouver for the next few months.

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are doing well and which are not. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 


   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, eXp 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

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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