David Hennessey REALTOR® eXp realty with this weeks real estate news for you.
Maple Ridge Detached homes Market Weekly Market comment
The level of sales activity at this time in Maple Ridge detached homes has decreased slightly over the last week. The number of price reductions is lower and the number of new listings entering the market is down.
However, according to Andrew Lis, GVR director of economics and data analytics, we appear to have reached a change in momentum, a slowing down in the amount of listings and price reductions.
Worth noting is the supply of detached homes in Maple Ridge listed for less than 1 m that did not exist a year ago are now on the decline from 58 a few weeks back to now 49. 3 homes sub 1 m sold in the last week.
High points:
- We are seeing a slight decrease in sales over the last week
- Less price reductions this last week
- Slight reduction in number of new listings entering the market
Overall, we are statistically still in a buyer’s market for detached homes in, less favorable for sellers and many opportunities for buyers.
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Note: This article offers you general information only and not to be considered specific professional advice for your situation. Let us meet for you to have information specific to your needs so you can make an educated decision on your real estate needs.
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Sincerely,
David Hennessey
REALTOR®
eXp Realty
604 626 8903
