Current: Coquitlam's 12 %SOLD Rate indicates a Stable Market.
(This means 12 homes out of 100 sold last month with an Average $58,500 Discount from the Original List Price) but do check the many micro-markets
12 %SOLD rates for each neighbourhood.
Most Active Range: Homes between $1.2 mill. - $1.3 mill. have a 22.7 %SOLD rate.
Least Active Range: Homes above $2 mill. have 6.7 %SOLD rate.
History: The Coquitlam Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $136,438.
The Coquitlam Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $80,949.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Coquitlam has a normal Listing supply; 534 homes are for sale. With the 12 %SOLD Monthly Rate (STR) gives us ~8 months of inventory. 13% of the Active Listings have reduced their price by $60,419 on Average or $50,000 Median. We project Coquitlam Detached to be a Stable Market.
July's Real Estate Statistics shows 74% of Vancouver's Detached Home decreased in values this month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $22,076. This demonstrates a trend of deeper declines as evidenced from the $18,158 drop in June, $14,880 drop in May and the $8,007 drop in April. On the other hand, the Fraser Valley also shows a declined this month with the monthly price decrease of $3,176. We are forecasting Declining Detached Home Prices across most of the Fraser Valley and Vancouver Markets the next quarter.
Currently, the Condo Market presents a Cool Market with 87% of the Greater Vancouver (Lower Mainland) Condo Prices decreasing $6,482 on average. On the same note, 81% of the Townhouse Markets decreased $3,507 on average (23 out of 28 Markets). We are forecasting a Buyer’s Market in most Condo and Townhouse Markets for the coming quarter. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.