Vancouver Real Estate Market Update Reports / Port Moody Real Estate Market Update Forecast Report

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.

Feb 1, 2024

gas gauge

Current:  Port Moody's 12 %SOLD Rate indicates a Buyer's Market. 
                      (Meaning 12 Homes out of 100 Sold Last Month with an Average $75,000 decrease from the Original List price). 

Most Active Range: Homes below $1.7 mill. have 37.5 %SOLD rate.
Least Active Range: Homes between $2.2 mill. - $3.3 mill. have 0 % SOLD rate.

History: Pt Moody YTD RMR HPI* shows that prices increased $53,999.
                *The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Port Moody has Average Listing Supply; 43 homes are for sale and with the 12 %SOLD Monthly Rate gives us a ~8 months of Inventory. We project Port Moody switch into a Stable Market. 5% of the Active Listings have reduced their Price by $73,500 on Average and $73,500 on Median for the last month.

Greater Vancouver December 2023:

In January 2024, the Single-Family Detached Home Market in Greater Vancouver experienced an average monthly price increase of $3,444. This rise is influenced by low inventory levels compared to previous years and the anticipated mortgage rate cuts, which have boosted buyer confidence. We expect prices to stabilize in most Vancouver Detached Home Markets in the upcoming month.

Recent research highlights the ongoing pressure on the condominium market. However, there’s some positive news for townhomes: their values have gradually improved over the last month, with an average increase of $3,147. On the other hand, condominium prices have seen an average decline of $3,974 .

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley December 2023:

In January 2024, the Single-Family Detached Home Market in the Fraser Valley experienced an average monthly price increase of $1,040. This rise is influenced by low inventory levels compared to previous years and the anticipated mortgage rate cuts, which have boosted buyer confidence. We expect prices to stabilize in most Vancouver Detached Home Markets in the upcoming month.

Recent research highlights the ongoing pressure on the condominium market. However, there’s some positive news for townhomes: their values have gradually improved over the last month, with an average increase of $4,281. On the other hand, condominium prices have seen an average decline of $2,095 .

For the latest and most accurate market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the performance of winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, feel free to reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

 

   

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.

Lincoln Park PQ, Barber Street, Citadel PQ, Anmore, Glenwood PQ etc. stats are parts of the Port Moody and Port Moody

Lincoln Park PQ, Barber Street, Citadel PQ, Anmore, Glenwood PQ etc. stats are parts of the Port Moody and Port Moody

Lincoln Park PQ, Barber Street, Citadel PQ, Anmore, Glenwood PQ etc. stats are parts of the Port Moody and Port Moody

Lincoln Park PQ, Barber Street, Citadel PQ, Anmore, Glenwood PQ etc. stats are parts of the Port Moody and Port Moody

Download the full PortMoody.Marketupdatereport.PDF

Port Moody and Port Moody Real Estate updates include the sub areas Lincoln Park PQ, Barber Street, Citadel PQ, Anmore, Glenwood PQ etc.

Lincoln Park PQ, Barber Street, Citadel PQ, Anmore, Glenwood PQ etc. stats are parts of the Port Moody and Port Moody

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 

Ladner, South Delta, Real Estate Market Update Report

 

 

 Port Moody 

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.

Market Update  Port Moody  Real Estate Housing

 

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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