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Coquitlam RE/MAX Market Reports

, When do you think 's SFD Home Prices will Peak.. turn to a Buyers Market?

How can you get More Listings SOLD?
Over Priced Listings are still the #1 problem (59% expiry rate in 2013): Only 26% of last years listings were listed on the money to be sold without having to reduce the listing price.

How can make your CMA's More Powerful and get a higher conversion at the RIGHT PRICE?

Over 1,000 CMA'S this Year have used these Advanced tools to get those sharper prices!

The ABSOLUTE Most Accurate Home Price Index (paired) HPIp now enables you to see the Home Value Histories, the Current Values to help you create your instant CMA's and soon to come the Forecasts

, may we show you how we help so many? (Yes)

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Price Reductions Work! In August, in the Vancouver area, 47% of the single family home sales over 30 Days On Market REDUCED their list price by $45,000 (median)
At the same time 59% of the August single family sales in FV/Chilliwack that were over 30 DOM REDUCED their list price by $19,994 (median)
Note: 61% of the listings now expiring had no price reduction! Last year 63.5% of the listings expired!

Index Abbotsford Burnaby North Burnaby Chilliwack Coquitlam North Delta Delta Ladner Langley N. Langley Vancouver Real Estate Investments Maple Ridge Mission New West Port Coquitlam Port Moody Richmond Surrey West Surrey East South Surrey White Rock Vancouver Westside Downtown-West End East Vancouver West Van North Van

Sponsored in part by Virtual Real Estate Assistants

Coquitlam

Nov 1, 2024

Current: Coquitlam's 10 %SOLD Rate indicates a Buyer Market.
(This means 10 homes out of 100 sold last month with an Average $47,999 Discount from the Original List Price)

Most Active Range: Homes below $1.45 mill.-$1.7 mill have a 22.2 %SOLD rate.
Least Active Range: Homes above $2.5 mill. have 4.8 %SOLD rate.

History: The Coquitlam Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $16,999.
The Coquitlam Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $21,468.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Coquitlam has a normal Listing supply; 451 homes are for sale. With the 10 %SOLD Monthly Rate (STR) gives us ~10, months of inventory. 8% of the Active Listings have reduced their price by $84,235 on Average or $60,000 Median. We project Coquitlam Detached now in a Buyer Market.

Greater Vancouver October 2024:

October's real estate report shows that 52% of detached homes in Greater Vancouver lost value this month. On average, single-family homes in Metro Vancouver saw a price drop of $1,045. With mortgage rates going down, buyers will be more active, especially in the condo and townhouse markets. We forecast that the Metro Vancouver area to remain a buyer's market until the end of the year.

In October, the average price of condos decreased by $3,925, and townhouses saw a decline of $3,155. We forecast that the condo and townhouse markets will remain a buyer's market in the coming months.

To keep up with the latest market trends, tune in every Saturday at noon on VancouverMarketReports.com. We analyze which areas in the Lower Mainland are rising or falling. For a full update on market values, forecasts, and a detailed analysis of your neighborhood, reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

Fraser Valley October 2024:

October's real estate statistics show that 50% of detached homes in the Fraser Valley lost value this month. Overall, single-family homes in the Fraser Valley had an average price drop of $2,083. With mortgage rates going down, buyers will be more active, especially in the condo and townhouse markets. For now, we expect the Fraser Valley to remain a buyer's market until the end of the year.

In October, the average price of condos decreased by $1,364, and townhouses saw a decline of $940. We forecast that the condo and townhouse markets will remain a buyer's market in the coming months.