The Port Coquitlam Housing Market Trends
| Port Coquitlam Real Estate Market Reports and Forecasts
Port Coquitlam Market Update (Detached)
Citadel PQ, Lincoln Park PQ, Birchland Manor, Mary Hill, Glenwood PQ and all the sub-areas of Port Coquitlam Real Estate Market Update Report.
Jan 1, 2020
Current: Pt Coquitlam's 20 %SOLD rate indicates a Seller Market.
(This means 20 homes out of 100 sold with an average $35,800 surplus from the original list price).
Most Active Range: Homes below $900,000 have 33.3 %SOLD rate.
Least Active Range: Homes above $1.2 mill. have 8.3 %SOLD rate.
History: Port Coquitlam Year-To-Date RMR Home Price Index* shows that prices decreased $44,431.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Port Coquitlam has Average Listing supply; 58 homes are for sale and with the 20 %SOLD Monthly rate gives us a ~5 months of inventory. 7% of the active listings have reduced their price by $24,525 on average and $22,000 on median. We project Port Coquitlam to be a continued Seller Market.
January's Real Estate Statistics shows that we are almost a stable market! Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $3,176 which is slightly up from $1,777 price decrease the month prior (the inclement weather dampened sales.) The Last 31 consecutives months-long dropping market means that we have built up some pent-up buyers just waiting for the market to the bottom out, and for them to start buying. The Coronavirus growth damages any residual Chinese Foreign investors. Over the next few months, we are forecasting price stabilization in most Vancouver Detached Home Markets. On the other hand, Single Family Homes in the Fraser Valley Market had a $1,642 monthly price increase, which is similar to last month’s price increase of $1,355. We are forecasting the Detached Home Prices to increase across most of the Fraser Valley and the Lower-End Vancouver Markets in the coming months
Currently, the Condo Market presents near stable Market conditions with 73% of the Greater Vancouver (Lower Mainland) Condo Prices increasing just $730 on average. At the same time, 53% of the Townhouse Markets increased $43 on average (22 out of 28 Markets). We are forecasting increasing Condo and Townhouse Markets in the coming months. 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 the Market Reports for Birchland Manor, Glenwood PQ, Citadel PQ, Lincoln Park PQ, Riverwood etc. We recommend that you contact Bill as the Local Expert.... more details.
Download the full PortCoquitlam.Marketupdatereport.PDF
This Port Coquitlam Real Estate Market update includes the sub areas Lincoln Park PQ, Mary Hill, Citadel PQ, Riverwood, Glenwood PQ etc.
Click Image to compare previous STR/ MTI graphs
Trying to do the math? Lessons: STR MTI
Real Estate Market Analysis Reports Previous Reports
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.