Some homes in Maple Ridge and Pitt Meadows are seeing multiple offers, and many are selling quickly, according to local realtor Debbie Sheppard. (Jonathan Hayward/Canadian Press)

Some homes in Maple Ridge and Pitt Meadows are seeing multiple offers, and many are selling quickly, according to local realtor Debbie Sheppard. (Jonathan Hayward/Canadian Press)

Residential real estate market rebounding well: long-time realtor

House prices, sales, and listings in Maple Ridge and Pitt Meadows are moving on an upward trajectory

Home buyers and sellers are still a little cautious but definitely becoming more at ease with all the new COVID safety protocols, said long-time local realtor Debbie Sheppard. And that’s being seen in the most recent real estate numbers for Maple Ridge and Pitt Meadows.

“People are getting a little more comfortable with the COVID thing,” she said, pointing to statistics from the Real Estate Board of Greater Vancouver (REBGV) that are showing a jump in listing last months that are higher than June 2019, and a return in actual sales numbers that are almost double May’s figures.

“People are still leery, but they’re a little more comfort out there,” she said, noting how customers have been quick to adhere to the new rules and suggested safety measure.

RELATED: Maple Ridge realtors seeing more new listings and stable prices

Sheppard expressed appreciation for living and working in B.C., where COVID cases remain low as the province engages in a slow restart plan. She’s grateful not to be working south of the 49th Parallel where the numbers of deaths and COVID diagnoses are climbing significantly day over day.

Greater Vancouver, and in particular she spoke to her own communities of Maple Ridge and Pitt Meadows, are thankfully seeing a strong real estate market where prices have not dramatically changed – in fact, continue to go up slightly. Likewise, she said realtors are starting to once again see fast sales all across the board in detached homes, townhouses, and condos. And, Sheppard noted, they’re still seeing multiple offers on some of the more competitively priced homes.

“Our market is quite good, quite brisk,” added the realtor with ReMax Lifestyles Realty.

Last month, that meant 212 house sales between the two cities, that compared to 132 in May, and only 156 in June 2019.

“There’s still a good demand out there,” said Sheppard, who through her 40-year career in real estate has witnessed a number of different economic cycles and associated ups and downs in the real estate market.

“This one is just so different,” she said, noting how realtors are doing business has shifted considerably, including the introduction of all new safety precautions and administrative changes that aim to curb the spread of the virus. She expects those practices will remain status quo until a vaccine is found, at least.

RECENT – VIDEO: National accolades befall Maple Ridge realtor

Yet, she said, the demand to buy and sell homes in the community is returning to pre-COVID levels and she remains optimistic, noting the Greater Vancouver region doesn’t seem to be seeing the bigger dips predicted on the national level.

Looking at year-to-date figures, the numbers of homes sold in Maple Ridge and Pitt Meadows between Jan. 1 and June 30 increased to 975 in 2002, compared to 860 in the same period during 2019.

The local median selling prices for June were also above past, with detached selling for $925,000, townhomes selling for $544,500, and condos selling at $395,000.

Sheppard said the single-family homes selling around the $800,000 mark are still her most active, and she’s continued in the past weeks to personally witness a strong townhouse market.

The local figures are somewhat indicative of what’s happening around the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,443 in June 2020, a 17.6-per-cent increase from the 2,077 sales recorded in June 2019, and a 64.5-per-cent increase from the 1,485 homes sold in May 2020, said chair Colette Gerber.

“Realtors continue to optimize new technology tools and practices to help their clients meet their housing needs in a safe and responsible way,” Gerber said.

“Much more of the real estate transaction is happening virtually today. Before considering an in-person showing, realtors are helping potential buyers pre-screen homes more thoroughly by taking video tours, reviewing floor plans and an increased number of high-resolution images, as well as often driving through the neighbourhood,” said the board chair.

The board represents 13,700 realtors from Pitt Meadows, Maple Ridge, Port Coquitlam, Coquitlam, Port Moody, Burnaby, North Vancouver, West Vancouver, Vancouver, Richmond, New Westminister, South Delta, as well as Whistler, Squamish, the Sunshine Coast.

.

________________________________

• If there is more to this issue, please let us know about it. Email us at editor@mapleridgenews.com. We look forward to hearing from you. In the meantime, like us on Facebook or follow us on Twitter.

Housingmaple ridgePitt MeadowsReal estate

Just Posted

Vanessa Barrett is competing to be the face of fitness for a health and bodybuilding magazine. (Vanessa Barrett/Special to the Maple Ridge News)
Ridge fitness champ aims to become face of magazine

Vanessa Barrett wants to add ‘Ms Fitness’ to her titles of entrepreneur and mom

A Nova Scotia court has overturned the conviction of a man with ties to Maple Ridge. (Canadian Press/Darryl Dyck)
Conviction thrown out for supposed leader of Maple Ridge cannabis smuggling conspiracy

A Nova Scotia appeals court found there wasn’t enough evidence and quashed a four-year sentence

FILE – Perry Bellegarde, National Chief of the Assembly of First Nations, takes part in an event on Parliament Hill in Ottawa on Tuesday, July 7, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Indigenous Peoples Day must be a ‘call to action’, says Assembly of First Nations chief

Discovery of children at Kamloops residential school site must lead to change, Perry Bellegarde says

Darryl Mazor share a photo of his 78-year-old mother, Rena Mazor, singing to her 45-year-old cockatoo, Sassie. (Special to The News)
PHOTOS: Only one Fab Senior could win…

But there were more than a dozen worthy seniors who were entered in the photo contest

During a recent late afternoon, with a nice breeze blowing through her Maple Ridge backyard, Zoe Bell caught pictures of a hummingbird visiting her garden, then about 30 minutes later a “beautiful butterfly” arrived to help the boths, bees, and other insects pollinate. (Special to The News)
SHARE: Searching blooms for sweet nectar

Send us your photo showing how you view Maple Ridge or Pitt Meadows, and it could be featured soon

The border crossing into the United States is seen during the COVID-19 pandemic in Lacolle, Que. on February 12, 2021. THE CANADIAN PRESS/Paul Chiasson
VIDEO: Border quarantine to soon lift for fully vaccinated Canadians

Eligible travellers must still take multiple COVID-19 tests

The Coquihalla Lakes washroom is getting upgrades. (Submitted)
Coquihalla to get upgrades to aging washrooms

The Ministry of Transportation is providing $1 million in funding to upgrade 3 rest areas

The Sacred Hearts church on PIB land burned Monday morning. (Theresa May Jack/Facebook)
Two churches on First Nation land in South Okanagan burn to the ground

Sacred Hearts church on Penticton Indian Band land was reduced to rubble

Tl’etinqox-lead ceremony at the site of the former St. Joseph’s Mission in Williams Lake, B.C., June 18, 2021. (Angie Mindus photo - Williams Lake Tribune)
‘We are all one people’: Honouring residential school victims and survivors

Love, support and curiousity: Canadians urged to learn about residential schools and their impact

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Indigenous rights and climate activists gathered outside Liberty Mutual’s office in Vancouver to pressure the insurance giant to stop covering Trans Mountain. (Photo by Andrew Larigakis)
Activists work to ensure Trans Mountain won’t get insurance

Global campaign urging insurance providers to stay away from Canadian pipeline project

In the first election with public money replacing corporate or union donations, B.C. Liberal leader Andrew Wilkinson, B.C. Greens leader Sonia Furstenau and B.C. NDP leader John Horgan take part in election debate at the University of B.C., Oct. 13, 2020. (THE CANADIAN PRESS)
B.C. MLAs ponder 2022 ‘sunset’ of subsidy for political parties

NDP, B.C. Fed call for increase, B.C. Liberals have no comment

Emergency crews shut down White Rock’s Five Corners district on Feb. 19, 2020 following an assault. (File photo)
Trial underway in February 2020 death of White Rock senior

Ross Banner charged with manslaughter following Five Corners altercation

Most Read