Don's Real Estate Market Report - Some market improvement.

Single family sales for October totalled 798 with the average sale price of $1,116,108. This 18% decrease in number of sales and a 3% decrease in average price over last year same time period (October) . Townhouse sales for October totalled 338 with an average sale price of $583,376. This is a 11% decrease in the number of sales and an increase of 2% in average price over the same time period last year (October). Condominiums October sales totalled 803 with the average sale price of $429,371. This a 16% decrease in number of sales and decease of 3% in average price over the same time period last year (October).

Total of all types for October was 1939 sales with an average sale price of $738,845. This is a 16% decrease in number of sales and a 3% decrease in average price over October last year.

Sales overall did not decrease as much in October this year compared to October last year as we have in previous months. Volume has been running about 35% below the same month in the previous year but October volume was only down 16%. The sales volume for October was up over 30% from September this year. The Vancouver Real Estate Board sales volume year to date is down by 21% and year to date average sales price is down 6%. The number of active listings is 12% higher this October compared to last October. Increased inventory and reduced demand has the Real Estate Board of Greater Vancouver stating that it now a BUYERS market. October sales this year on the Vancouver Real Estate Board were again below the 10 year average for October.

Link to video for Real Estate Board of Greater Vancouver stats for October.

 http://www.youtube.com/watch?v=WI_yexbpYzg&feature=youtu.be  

Local Maple Ridge

Single family  October sales totalled 81 with the average sale price of $488,563. This a 5% increase in number of sales and average price decrease of 3% compared to October last year. Townhouse October sales totalled 24 with an average sale price $284.729. This is a 17% decrease in the number of sales and a 5% decrease in average price compared to last October. Condominium October sales totalled 17 with the average sale price of $167,382. This is a 54% increase in number of sales and a 6% decrease in price over last October.

Total of all types of sales for October was 122 with an average sale price of $403,710. This is a 4% increase in number of sales and a 5% decrease in average price over last October.

The Maple Ridge sales volume year to date is down by 8% and year to date average sales price is basically unchanged at $502,268 for single family homes. The average sale price has been within $2000 of this number for 3 years. Townhouses and apartments have seen decreases in average sale prices of 7 - 9% respectively.
  

The number of properties on the market in Maple Ridge for October is 976 which is 3% below last October .
  

For more detail just call 604-466-4549 or email  pearceteam@telus.net .