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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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Jan 1, 2021
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Current: Port Moody's 22 %SOLD Rate indicates a Seller Market.
(Meaning 22 Homes out of 100 Sold Last Month with an Average $25,000 Sales Discount from the Original List price).
Most Active Range: Homes below $1.2 mill. have 45.5 %SOLD rate.
Least Active Range: Homes above $2.0 mill. have 10.4 %SOLD rate.
History: Pt Moody YTD RMR HPI* shows that prices increased $93,723.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Port Moody has Average Listing Supply; 45 homes are for sale and with the 22 %SOLD Monthly Rate gives us a ~5 months of Inventory. We project Port Moody to continue into a Seller Market.
December's Real Estate Statistics continue to show a highly emotional market. We have seen 100% of the Single-Family Homes in Metro Vancouver are in a Seller's Market. The Average Monthly Price jumped up to $56,358! ON the other hand, December's Real Estate Statistics shows that in this highly emotional market that 100% of the Fraser Valley Detached Markets went up this month. The Average Monthly Price jumped up a whopping $40,716. This is the Highest December Price increase on record. This seller's market is partly due to the fact that we have Record-Low listing levels. We are forecasting that the Metro Vancouver Markets will continue to be a Seller's Market for the coming month.
Currently, Condos are in a more subdued Seller's Market with 60% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was a mere $1,522. At the same time, 26 out of 28 Townhouse Markets increased an average of $7,187. We analyze and provides 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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