Nov 1, 2018
Current: Coquitlam's 7 %SOLD Rate indicates a Buyer Market.
(This means 7 homes out of 100 sold last month with an Average $48,200 Discount from the Original List Price) but do check the many micro-markets
7 %SOLD rates for each neighbourhood.
Most Active Range: Homes below $1 mil. have a 19.4 %SOLD rate.
Least Active Range: Homes above $2 mill. have 1.5 %SOLD rate.
History: The Coquitlam Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $76,000.
The Coquitlam Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $3,842.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Coquitlam has a normal Listing supply; 475 homes are for sale. With the 8 %SOLD Monthly Rate (STR) gives us ~14 months of inventory. 15% of the Active Listings have reduced their price by $73,451 on Average or $54,350 Median. We project Coquitlam Detached to be a Buyer Market.
November's Real Estate Statistics shows Vancouver's Detached Markets values experienced an Average Monthly Price decrease of $11,521. This exceeds the $7,184 drop that we saw in the month prior. On Average, the Fraser Valley Market had a $7,425 monthly price decrease. Consumer confidence has been boosted with our new NAFTA trade agreement but offset with the continued, the GM plant shutdown in Oshawa, on tougher mortgage lending rules and pending interest rate increases. We are still forecasting a Buyer's Market across most Detached Markets for the following months.
Currently, the Condo Market continues to present a Cool Market with 87% of the Greater Vancouver (Lower Mainland) now decreasing. At the same time, 89% of Townhouse Markets are decreasing. (25 out of 28 Markets). We are still forecasting a Buyer’s Market in all Condo/Townhouse Markets for the foreseeable future. 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.
We thank Bill Coughlin for their support of these Coquitlam Real Estate Market Updates which include sub-areas such as Coquitlam West, Maillardville, Westwood Plateau, Burke Mountain, Central Coquitlam etc. Contact Bill and the Team as the Local Experts.... more details.
Download the full Coquitlam.Marketupdatereport.PDF
This Coquitlam Real Estate Market update includes the sub areas Westwood Plateau, Coquitlam West, Burke Mountain, Central Coquitlam, Maillardville etc.
Click Image to compare previous STR/ MTI graphs
Trying to do the math? Lessons: STR MTI
Coquitlam Market Reports and Forecasts
Real Estate Market Analysis Reports
This is the most accurate %SOLD-Monthly Sell Through Rates (STR Graph) using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.
Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.
Archives July 2011-Feb 1 2012
Registration for Monthly and Bi-Monthly Market Reports
Vancouver and FV Market Reports and Forecasts
Developers, Investors, Realtors or Financial Advisers.
- Now you can be informed of the market changes as they happen.
- Now you can receive bi-monthly updates.=
- Each month we analyze the Real Estate Supply and Demand for 22 cities in the lower mainland: Vancouver to Chilliwack and we make the forecasts for the following month or more.
Membership Free, (Sponsored Realtors Click here )
This is a free service to over 5 million viewers today!!! (
Hot New Listings
RE/MAX City Realty
For Real Estate in Abbotsford, Mission, Langley, Surrey and Chilliwack