Current: Pt Coquitlam's 22 %SOLD rate indicates a Sellers Market. (This means 22 homes out of 100 sold with an average $20,000 surplus from the original list price).
Most Active Range: Homes below $800,000 have 35.7 %SOLD rate.
Least Active Range: Homes above $1.1 mill. have 17.9 %SOLD rate.
History: Port Coquitlam Year-To-Date RMR Home Price Index* shows that prices increased $131,269.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Port Coquitlam has Average Listing supply; 88 homes are for sale and with the 22 %SOLD Monthly rate gives us a ~5 months of inventory. 7% of the active listings have reduced their price by $37,183 on average and $35,050 on median. We project Port Coquitlam to be a continued Sellers Market.
October's Real Estate Statistics show our Markets have NORMALIZED with just 33% 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 $12,693 decrease that we saw in the month prior. The Average Fraser Valley Markets are still stronger with a $1,381 monthly increase. Detached Markets values in October experienced an Average Monthly Price decrease of $1,381, which is a reduction of the $2,054 increase that we saw in the month prior. The FV is still a much stronger market than the Vancouver Detached Markets which just had a $10,887 monthly decrease. We are forecasting the beginning of Buyers Market across many Detached Markets, with Chilliwack being one of the last holdouts. We are forecasting the beginning of Buyers Market across most Detached Markets
Currently, the Attached Markets carry the day with 75% still increasing in Greater Vancouver (Lower Mainland) (43 of 58 Markets). We are forecasting a continued Seller's Market in the Attached 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.