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Vancouver Real Estate Market Update Reports / Port Coquitlam Real Estate Market Update Forecast Report / Dec 2011:Port Coquitlam-Port Moody Real Estate Market Update Reports

   The Lower Mainland Real Estate Market Reports
Index  Abbotsford,  Mission  Chilliwack, Langley,  Surrey,  White Rock,    East vrs West,
Vancouver, Richmond,  East Van,  West Van, North Van, Burnaby,  Coquitlam,  Maple Ridge

Port Coquitlam, Port Moody Previous Reports

Dec 1 2011 Coquitlam, Port Coquitlam, Port Moody Real Estate Market Update Report.

Coquitlam Port Coquitlam Port Moody Residential Detached housing market has had a relatively stable real estate market for 2011. Both February and June were months of medium home sales and the rest of the year has had a stable to poor %SOLD (STR: sell through rates).

Currently the Coquitlam, Port Moody, Port Coquitlam inventory levels are higher than normal and the 8 %SOLD is low.

Click Image to compare previous STR/ MTI graphs

Coquitlam Port Coquitlam Port Moody Market Update

Index Abbotsford, Mission Chilliwack, Langley, Surrey, White Rock, East vrs West,
Vancouver, Richmond, East Van, West Van, North Van, Burnaby, Coquitlam, Maple Ridge

Coquitlam Real Estate Market Analysis Reports

Market Update Coquitlam Port Coquitlam Port Moody Real Estate Housing

Home Price Index HPI
Calculations are done on the average price per sqft

Study Criteria Home size: 1700-3800 sqft, Lot: 6000 to 10000 sqft, Bed Room: 3 to 6, Age: 3-55 yr, Kitchen: Maximum 2

Prices Values for 3,500 sqft home ( Relative value to the Standard home above)
Calculations are done from the average price per sqft of the 2300 sqft home and extrapolated with its value X's 3500/2300.

Study Criteria Home size: 1700-3800 sqft, Lot: 6000 to 10000 sqft, Bed Room: 3 to 6, Age: 3-55 yr, Kitchen: Maximum 2

April 7th 2011

We watched with envy as Richmond, White Rock, then Burnaby and now Coquitlam all experience a hot market . Meanwhile any city east of the Port Man bridge is barely hanging in there. Abbotsford has the worst sell through in the Valley at 12% last month.

I will determine the current values changes by April 11. Meanwhile check the sell through rates below.

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.
Index

Index
Price changes (semi-annual))
Sales/Listings .. Current Supply Demand STR
Market Trend Index (MTI)
Study Criteria and data reports
Study Map

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Coquitlam Average home Sale prices 2005-2011 Six Month periods (2300 SqFt)

Study Criteria Home size: 1700-3800 sqft, Lot: 6000 to 10000 sqft, Bed Room: 3 to 6, Age: 3-55 yr, Kitchen: Maximum 2

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Coquitlam Average Home Price Difference 2005-2011 Six Month periods (2300 SqFt)

Study Criteria Home size: 1700-3800 sqft, Lot: 6000 to 10000 sqft, Bed Room: 3 to 6, Age: 3-55 yr, Kitchen: Maximum 2

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Market Trend Index: May 2011

When you sell more than you list for a given month then soon you will run out of listings and have more demand than supply thus forcing prices up.

Stability ratios based on a 6 year study from 2005 to 2010 show that we need about 65% sales-to-new-listing/mnth ratio to stabilize the market

In the Surrey area for the outlined search criteria we had a very low MTI ratio in January thus indicating a poor February market. Now finally we are seeing the effect of the hot sell- through activity in Richmond finally spill over.

Our 78% MTI which is higher than the 40-63% range we need to stabilize the market. This market is warming up and indicators are it will just now moving into positive territory. .