Current: Port Coquitlam's 26 %SOLD rate indicates a Seller Market.
(This means 26 homes out of 100 sold with an average $47,600 surplus from the original list price).
Most Active Range: Homes between $900,000 - $1.0 mill. have 52.9 %SOLD rate.
Least Active Range: Homes above $1.3 mill. have 19.5 %SOLD rate.
History: Port Coquitlam Year-To-Date RMR Home Price Index* shows that prices increased $365,173.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Port Coquitlam has Average Listing supply; 132 homes are for sale and with the 26 %SOLD Monthly rate gives us a ~4 months of inventory. 5% of the active listings have reduced their price by $63,614 on average and $55,000 on median. We project Port Coquitlam to be a continued Seller Market.
May's Real Estate Statistics show that the seller's market is near its end. We have seen 86% of the Single-Family Homes in Metro Vancouver go up with an Average Monthly Price increase of $8,840! On the Other Hand, 67% of the Fraser Valley Detached Markets went up with a Monthly Price increase of $9,394 on average! Due to tougher mortgage qualification rules, we are forecasting that the majority of the Metro Vancouver Markets will flip to a Buyer's Market within 2-3 weeks.
Currently, Condos are in a more subdued Seller's Market with 77% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was $6,150. On the other hand, 96% of Townhouse Markets (27 out of 28) increased an average of $7,859. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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.