Oct 1, 2019
Current: Coquitlam's 13 %SOLD Rate indicates a Stable Market.
(This means 13 homes out of 100 sold last month with an Average $51,000 Discount from the Original List Price) but do check the many micro-markets
13 %SOLD rates for each neighbourhood.
Most Active Range: Homes below $1.mill. have a 24.2 %SOLD rate.
Least Active Range: Homes above $2 mill. have 2.0 %SOLD rate.
History: The Coquitlam Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $167,249.
The Coquitlam Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $87,000.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Coquitlam has a normal Listing supply; 448 homes are for sale. With the 13 %SOLD Monthly Rate (STR) gives us ~8 months of inventory. 24% of the Active Listings have reduced their price by $76,009 on Average or $50,000 Median. We project Coquitlam Detached to be a Stable Market.
October's Real Estate Statistics shows 62% of Vancouver's Detached Home decreased in values this month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $8,735. This is a positive improvement from the $13,210 and the $9,192 drops that we saw in August and September respectively. On the other hand, the Fraser Valley also had a monthly price decrease of $4,655. The Chinese National Holiday was the 1st week of October and helped bring a few extra sales in the Hongcouver cities, we are now forecasting further Declines in Detached Home Prices across most of Vancouver Markets in the next month.
Currently, the Condo Market presents a Cool Market with 72% of the Greater Vancouver (Lower Mainland) Condo Prices decreasing $1,153.75 on average. Many new Condo Projects are now competing against the existing market. On the same note, 54% of the Townhouse Markets decreased $477 on average (15 out of 28 Markets). We are forecasting a Buyer's Market in most Condo and Townhouse Markets for the coming month. 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
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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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