Current: Pt Coquitlam's 16 %SOLD rate indicates a Seller Market.
(This means 16 homes out of 100 sold with an average $31,888 surplus from the original list price).
Most Active Range: Homes between $850,000 have 25.8 %SOLD rate.
Least Active Range: Homes above $1.2 mill. have 4.8 %SOLD rate.
History: Port Coquitlam Year-To-Date RMR Home Price Index* shows that prices decreased $36,536.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Port Coquitlam has Average Listing supply; 150 homes are for sale and with the 16 %SOLD Monthly rate gives us a ~6 months of inventory. 17% of the active listings have reduced their price by $38,188 on average and $24,500 on median. We project Port Coquitlam to be a continued Seller Market.
July's Real Estate Statistics shows 74% of Vancouver's Detached Home decreased in values this month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $22,076. This demonstrates a trend of deeper declines as evidenced from the $18,158 drop in June, $14,880 drop in May and the $8,007 drop in April. On the other hand, the Fraser Valley also shows a declined this month with the monthly price decrease of $3,176. We are forecasting Declining Detached Home Prices across most of the Fraser Valley and Vancouver Markets the next quarter.
Currently, the Condo Market presents a Cool Market with 87% of the Greater Vancouver (Lower Mainland) Condo Prices decreasing $6,482 on average. On the same note, 81% of the Townhouse Markets decreased $3,507 on average (23 out of 28 Markets). We are forecasting a Buyer’s Market in most Condo and Townhouse Markets for the coming quarter. 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.