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Current: Pt Coquitlam's 21 %SOLD rate indicates a Seller Market.
(This means 21 homes out of 100 sold with an average $34,900 surplus from the original list price).
Most Active Range: Homes between $900,000 - $1.0 mill. have 6.9 %SOLD rate.
Least Active Range: Homes between $1.0 mill. - $1.2 mill. have 15.2 %SOLD rate.
History: Port Coquitlam Year-To-Date RMR Home Price Index* shows that prices decreased $104,999.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Port Coquitlam has Average Listing supply; 139 homes are for sale and with the 21 %SOLD Monthly rate gives us a ~5 months of inventory. 13% of the active listings have reduced their price by $46,984 on average and $48,000 on median. We project Port Coquitlam to be a continued Seller Market.
May's Real Estate Statistics shows 64% of Vancouver's Detached Markets values decreased this month. Generally, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $14,880, which is a significant decline from last month's $8,007 price drop. On the other hand, the Fraser Valley shows a steady Market with the monthly price increase of $1,580. The following month's forecasts for Detached Homes are: a continued Buyer's Market across most of Vancouver and a Stable Market over most of the Fraser Valley.
Currently, the Condo Market presents a Warmer Market with 43% of the Greater Vancouver (Lower Mainland) Condo Prices Increasing. On the same note, 46% of the Townhouse Markets are Increasing. (13 out of 28 Markets). We are forecasting a Buyers’ Market in most Condo and Townhouse Markets for the coming month. 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.
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