Whonnock
Real Estate Trends

Housing Market Report for July 2018

Media Inquiries

[email protected]

Whonnock Housing Prices

The change in average home price is affected by two factors:

  1. The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.
  2. Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.

How we calculate our stats

Whonnock Housing Inventory

Whonnock vs. maple-ridge

Have questions?

For media inquiries contact [email protected]

About this Report

See a current snapshot of the housing market with with Zolo's Whonnock real estate market trends. We've made real estate data like average house prices, housing inventory, and days on market readily available to you. This report's home price data analyzes sales history between May 17 - July 12 and includes percent changes from the same 56-day period last year. These real estate statistics are accompanied by rankings of all neighbourhoods in the Maple Ridge area based on home sold price, price growth, days on market, and turnover. With all this data, you'll be prepared with both a detailed view of the local Whonnock housing market and a glimpse of the city as a whole. This market report was built to give you new insights on both the Whonnock real estate market and the Maple Ridge area so that you have a better sense of where you want to live. To compare this neighbourhood to the city of Maple Ridge, take a look at Maple Ridge's trends page. As well, using other helpful MLS stats like the MLS Home Price Index will give you a more panoramic view of the real estate market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the Realtor submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.

Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."