Current: Pt Coquitlam's 33 %SOLD rate indicates a Seller Market.
(This means 33 homes out of 100 sold with an average $2,450 surplus from the original list price).
Most Active Range: Homes between $875,000 - $950,000 have 51.9 %SOLD rate.
Least Active Range: Homes above $1.2 mill. have 20.9 %SOLD rate.
History: Port Coquitlam Year-To-Date RMR Home Price Index* shows that prices increased $1.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Port Coquitlam has Average Listing supply; 74 homes are for sale and with the 33 %SOLD Monthly rate gives us a ~3 months of inventory. 8% of the active listings have reduced their price by $31,359 on average and $27,451 on median. We project Port Coquitlam to be a continued Seller Market.
August's Real Estate Statistics shows that 97% of Single-Family Homes in Metro Vancouver are in a Seller's Market. The Average Monthly Prices increased $5,594 which is the highest increase we have seen this year or for any August on record. On the Other hand, All Fraser Valley Detached Markets went up this month with $4,373 monthly price increase on average. Thus, we are forecasting that in the Metro Vancouver Markets will Seller's Market continue for the coming month.
Currently, Condos are also in a Seller Market with 90% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. On average, the Condo Market went up $1,036. At the same time, the Townhouse Markets increased $1,885. That is 23 out of 28 Markets increased (83%). We analyze and provide 97 individual City's Home Price Indexes to supply you 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.