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Vancouver Real Estate Market Update Reports / Coquitlam Real Estate Market Update Forecast Report / Archive:Jan - Mar 2011:Market Update: Coquitlam

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

Coquitlam Jan- March 2011 Current Reports

Click Image to compare previous STR/ MTI graphs

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

Coquitlam Real Estate Market Analysis Reports

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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Home Price Index HPI

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: Mar 31 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 72% 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. .