|
Current: Pt Coquitlam's 16 %SOLD rate indicates a Seller Market.
(This means 16 homes out of 100 sold with an average $22,350 surplus from the original list price).
Most Active Range: Homes between $1 mill. - $1.2 mill. have 22.2 %SOLD rate.
Least Active Range: Homes above $1.2 mill. have 4.8 %SOLD rate.
History: Port Coquitlam Year-To-Date RMR Home Price Index* shows that prices decreased $11,001.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Port Coquitlam has Average Listing supply; 76 homes are for sale and with the 16 %SOLD Monthly rate gives us a ~6 months of inventory. 5% of the active listings have reduced their price by $31,972 on average and $29,500 on median. We project Port Coquitlam to be a continued Seller Market.
April's Real Estate Statistics shows that 76% of Single-Family Homes in Metro Vancouver have been in a Seller's Market. The Average Monthly Price increase was $2,100 which is a small decline from last month's $4,090 gain. On the other hand, Fraser Valley’s Detached Markets increased values this month. Single Family Homes had a $2,239 monthly price increase. Yes, both sales and inventory have dropped in the last month and the sell-through rates are falling enough to become a Buyer's Market. With that being said, we are not going to forecast the Markets this coming month, due to the Stock Market volatility and the Pandemic on hand.
Currently, Condos are in a Seller Market with 77% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. On average, the Condo Market went up $1,476. At the same time, the Townhouse Market increased $1,366 on average. That is 79% increased (22 out of 28 Markets). 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.
|
