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The Port Moody Housing Market Trends
| Port Moody Real Estate Market Reports and Forecasts
Port Moody Market Update (Detached)
Belcarra, College Park PM, Barber Street, Anmore, Glenayre and all the sub-areas of Port Moody Real Estate Market Update Report.
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July 1, 2021
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Current: Port Moody's 27 %SOLD Rate indicates a Seller Market.
(Meaning 27 Homes out of 100 Sold Last Month with an Average $51,000 Sales Discount from the Original List price).
Most Active Range: Homes below $1.3 mill. have 62.5 %SOLD rate.
Least Active Range: Homes above $2.0 mill. have 11.9 %SOLD rate.
History: Pt Moody YTD RMR HPI* shows that prices increased $432,600.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Port Moody has Average Listing Supply; 69 homes are for sale and with the 27 %SOLD Monthly Rate gives us a ~4 months of Inventory. We project Port Moody to continue into a Seller Market.
June's Real Estate Statistics show that the Buyer's market has started. We have 57% of the Single-Family Homes in Metro Vancouver decrease. Average Monthly Price was down $199! This is a marked reversal from last month's $8,840 price increase, and is the 1st drop since winter of 2020. Meanwhile, 61% of the Fraser Valley Detached Markets went down with an Average Price decrease of $14,168 and is the first drop since fall of 2019. Due to tougher mortgage qualification rules, buyer exhaustion, we are forecasting that the majority of the Metro Vancouver Markets will continue to be a Buyer's Market in the coming months.
Currently, Condos have moved to a Buyer's Market with 57% of the Greater Vancouver (Lower Mainland) Condo Prices decreasing. The average monthly price decrease was $403. On the other hand, 71% Townhouse Markets (27 out of 28) prices increased $4,881 on average. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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.
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We thank Bill Coughlin for their support of the Market Reports for Anmore, Glenayre, Heritage Woods PM, Port Moody Centre, Barber Street etc. We recommend that you contact Bill as the Local Expert.... more details.
Download the full PortMoody.Marketupdatereport.PDF
This Port Moody Real Estate Market update includes the sub areas Belcarra, Barber Street, Mountain Meadows, Anmore, College Park PM etc.
Click Image to compare previous STR/ MTI graphs
Trying to do the math? Lessons: STR MTI
Port Moody
Real Estate Market Analysis Reports Previous Reports
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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. |
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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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Bill Coughlin
EXP Realty
For Real Estate in Abbotsford, Mission, Langley, Surrey and Chilliwack
call me
1-778-374-3744
Coughlinb@gmail.com
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