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 over the last week. But there are still buyers looking. I had a very busy open house this last weekend so there are buyers looking but they are looking for the right price. Less price reductions may signify resistance by sellers, a price change is often what re-ignites interest in a property by buyers. The surprise of the week is the large increase in sales with sale prices over 1.5m possibly from buyers selling below 1.5m and buying up into property that most likely is less expensive that it was a few months ago.
High points:
- We are seeing a 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
