Mar 1, 2024
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Current: Coquitlam's 17 %SOLD Rate indicates a Seller Market.
(This means 17 homes out of 100 sold last month with an Average $36,500 Discount from the Original List Price)
Most Active Range: Homes below $1.45 mill. have a 25.0 %SOLD rate.
Least Active Range: Homes between $2.5 mill.-$3.0 mill. have 1.9 %SOLD rate.
History: The Coquitlam Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $124,003.
The Coquitlam Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $100,060.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Coquitlam has a normal Listing supply; 193 homes are for sale. With the 17 %SOLD Monthly Rate (STR) gives us ~6 months of inventory. 2% of the Active Listings have reduced their price by $45,525 on Average or $43,500 Median. We project Coquitlam Detached now in a Seller Market.
Greater Vancouver February 2024:
In Greater Vancouver, the average monthly cost of single-family detached homes has increased by $20,376. This is a substantial recovery from January's $3,444 price increase. Listing inventories are still low; thus, with limited sales, there is enough pressure to push the market upward. This spring, we forecast a seller's market in the Vancouver area.
With an average price increase of $8,951, 72% of condos in Vancouver's condo market are in a seller's market. The average price of townhouses has decreased to $1,247 but will shift to a Buyer's market now.
For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.
Fraser Valley February 2024:
In Fraser Valley, the average monthly cost of single-family detached homes has increased to $19,686. This is a substantial recovery from January's $1,040 price increase. In the Fraser Valley Area, we forecast a seller's market this spring.
The Fraser Valley's condo market saw an average price increase of $8,223, 92% of the condo markets are in a Seller's Market. Furthermore, the average price of townhouses in the market has increased by $4,856.
For the latest and most accurate market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the performance of winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, feel free to reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.
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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
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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.
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Bill Coughlin
EXP Realty
For Real Estate in Abbotsford, Mission, Langley, Surrey and Chilliwack
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1-778-374-3744
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