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.

Nov 1, 2024

gas gauge

Current:  Port Moody's %SOLD Rate indicates a Buyer's Market. 
                      (Meaning 9 Homes out of 100 Sold Last Month with an Average $62,950 decrease from the Original List price). 

Most Active Range: Homes between $1.7 mill.-$2.2 mill. have 13.9 %SOLD rate.
Least Active Range: Homes above $3.3 mill.-$3.3 mill. have 2.7 % SOLD rate.

History: Pt Moody YTD RMR HPI* shows that prices increased $42,778.
                *The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Port Moody has Average Listing Supply; 107 homes are for sale and with the 9 %SOLD Monthly Rate gives us a ~11 months of Inventory. We project Port Moody switch into a Buyer's Market. 10% of the Active Listings have reduced their Price by $53,818 on Average and $50,000 on Median for the last month.

Greater Vancouver October 2024:

October's real estate report shows that 52% of detached homes in Greater Vancouver lost value this month. On average, single-family homes in Metro Vancouver saw a price drop of $1,045. With mortgage rates going down, buyers will be more active, especially in the condo and townhouse markets. We forecast that the Metro Vancouver area to remain a buyer's market until the end of the year.

In October, the average price of condos decreased by $3,925, and townhouses saw a decline of $3,155. We forecast that the condo and townhouse markets will remain a buyer's market in the coming months.

To keep up with the latest market trends, tune in every Saturday at noon on VancouverMarketReports.com. We analyze which areas in the Lower Mainland are rising or falling. For a full update on market values, forecasts, and a detailed analysis of your neighborhood, reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley October 2024:

October's real estate statistics show that 50% of detached homes in the Fraser Valley lost value this month. Overall, single-family homes in the Fraser Valley had an average price drop of $2,083. With mortgage rates going down, buyers will be more active, especially in the condo and townhouse markets. For now, we expect the Fraser Valley to remain a buyer's market until the end of the year.

In October, the average price of condos decreased by $1,364, and townhouses saw a decline of $940. We forecast that the condo and townhouse markets will remain a buyer's market in the coming months.

To keep up with the latest market trends, tune in every Saturday at noon on VancouverMarketReports.com. We analyze which areas in the Lower Mainland are rising or falling. For a full update on market values, forecasts, and a detailed analysis of your neighborhood, 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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