The real estate market stats in Metro Vancouver are returning to the typical numbers of recent years.

Metro real estate sales rebound in second half of year

Maple Ridge, Pitt Meadows sales rise over 70 per cent in last three months

The Metro Vancouver real estate market has bounced back in the second half of 2019, with the Maple Ridge and Pitt Meadows markets following that trend.

According to the most recent statistics from the Real Estate Board of Greater Vancouver, the first half of the year was quiet for sales.

But the second half has been more typical of Metro Vancouver.

Residential home sales in the region totalled 2,498 in November, up 55.3 per cent from the 1,608 sales recorded the same month last year.

Last month’s sales were four per cent above the 10-year November sales average.

In Maple Ridge and Pitt Meadows, there were 109 houses sold on MLS last month, 43 townhouses and 36 apartments.

In November 2018, sales were 63 houses sold, 38 townhouses and 29 apartments.

“We started to see more home buyer confidence in the summer and this trend continues today,” says Ashley Smith, board president.

“It’ll be important to watch home listing levels over the next few months to see if supply can stay in line with home buyer demand.”

Over the three-month period of September, October and November, sales of houses in Maple Ridge and Pitt Meadows were up 71 per cent over the same period last year – 331 units sold compared with 194 in 2018.

Attached units were up to 144 from 110 sales (a 31 per cent increase), and apartments rose to 109 sales from 102 (up 6.9 per cent) in that three-month span.

READ ALSO: Signs of real estate innovation...

The benchmark price of a single-family home is holding steady in Maple Ridge at $803,500 and Pitt Meadows at $872,600.

The overall Lower Mainland benchmark price is $1.2 million.



Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Hall Of Fame induction is a feather in the cap, says proud Walker Sr.

Son will be inducted into hall of fame with 76.6 percent of vote

Langley brewery renames beer as tribute to local Vegas shooting victim

Maple Ridge’s Jordan McIldoon, one of 58 killed in 2017 mass shooting, remembered by Five Roads

Road repairs winding down on Maple Ridge road

New storm sewer connection installed

BC Summer Games organizers to hold big volunteer drive Saturday

Save On Foods locations across Maple Ridge and Pitt Meadows will have info booths

VIDEO: Rare ‘ice circle’ spotted on Kamloops river

An ice circle or ice pan, has formed in the chilly waters just east of the Yellowhead Bridge

B.C. man rescued after getting trapped headfirst in well as water level rose

The rescue involved crews from Oak Bay and Saanich

Investigators in wildfire-torn Australia head to site of B.C. airtanker crash

The B.C. government sends condolences to Port Alberni-owned Coulson Aviation

Mud slide prompts evacuation in Burnaby as rain saturates southern B.C.

About 20 metres of a five to six-metre high wall gave way

RCMP investigating sexual allegation against Lower Mainland police officer

Delta officer suspended while the alleged off-duty incident involving a co-worker is investigated

Former Mountie, sports coach convicted of sex abuse in B.C. granted day parole

Alan Davidson was sentenced to almost six years for abusing seven boys in the late 1970s and early 1990s

VIDEO: Person in wheelchair narrowly avoids collision with car in Kelowna

There were no injuries in the scary looking near-accident last week in Rutland

Here’s what Canada is doing to stop the coronavirus from getting in

Health officials are monitoring multiple possible cases in Canada

Fraser Valley poultry producer’s $130,000 fight with the CFIA earns him a red-tape award

Canadian Federation of Independent Business Paperweight Awards ‘honour’ government over-regulation

Most Read