Current: Pt Coquitlam's 28 %SOLD rate indicates a Sellers Market. (This means 28 homes out of 100 sold with an average $4,750 surplus from the original list price).
Most Active Range: Homes below $800,000 have 62.5 %SOLD rate.
Least Active Range: Homes above $1 mill. have 13.3 %SOLD rate.
History: Port Coquitlam Year-To-Date RMR Home Price Index* shows that prices increased $91,007.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Port Coquitlam has Average Listing supply; 87 homes are for sale and with the 28 %SOLD Monthly rate gives us a ~4 months of inventory. 10% of the active listings have reduced their price by $40,656 on average and $45,900 on median. We project Port Coquitlam to be a continued Sellers Market.
September's Real Estate Statistics show our Markets have NORMALIZED with 49% of Vancouver's Detached Markets increasing values this month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $10,887, which is less than the $4,006 decrease that we saw in the month prior. Overall, Single Family Homes in the Fraser Valley experienced an Average Monthly Price Increase of $2,054, which is a reduction of the $3,386 increase that we saw in the month prior. This Average Fraser Valley Markets are still stronger with a $2,054 monthly increase.
Currently, 61% of the Attached Markets are still increasing in Greater Vancouver (Lower Mainland) (52 of 58 Markets). We are forecasting the beginning of Buyers Market across all Housing Markets. We continue to 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 Neighbourhood.