May 1, 2018
Current: Coquitlam's 14 %SOLD Rate indicates a Stable Market. (This means 14 homes out of 100 sold last month with an Average $48,000 Discount from the Original List Price) but do check the many micro-markets 14 %SOLD rates for each neighbourhood.
Most Active Range: Homes below $1,000,000 have a 33.3 %SOLD rate.
Least Active Range: Homes above $2 mill. have 6.1 %SOLD rate.
History: The Coquitlam Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $87,000.
The Coquitlam Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $91,170.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Coquitlam has a normal Listing supply; 407 homes are for sale. With the 14 %SOLD Monthly Rate (STR) gives us ~7 months of inventory. 12% of the Active Listings have reduced their price by $81,224 on Average or $56,000 Median. We project Coquitlam Detached to be a Stable Market.
April's Real Estate Statistics shows 57% of Vancouver's Detached Markets decreased values this last month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price increase of $4,857 which is an improvement over the $2,135 decrease that we saw in the month prior. On the Average Fraser Valley continues to show a much stronger Market with their $13,418 monthly increase. With many new foreign buyer taxes, the much tougher mortgage lending rules, the higher interest rates, pending trade tariffs, we are forecasting a Buyer's Market across all the High-End Detached Markets and a stabilizing of the Lower-End Detached Markets
Currently, the Condo Market is turning from Hot to a warm market, with 67% of the Greater Vancouver (Lower Mainland) still increasing. 75% of the Townhouse Markets are still increasing (21 out of 28 Markets). There is a Notable difference between the top 50% of the attached markets which are stabilizing over the much stronger bottom 50% of the markets which can see multiple offers. We are forecasting a stabilizing Market in the lower end Condo/Townhouse Markets for the following months. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. 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 Neighbourhood.
We thank Bill Coughlin for their support of these Coquitlam Real Estate Market Updates which include sub-areas such as Coquitlam West, Maillardville, Westwood Plateau, Burke Mountain, Central Coquitlam etc. Contact Bill and the Team as the Local Experts.... more details.
Download the full Coquitlam.Marketupdatereport.PDF
This Coquitlam Real Estate Market update includes the sub areas Westwood Plateau, Coquitlam West, Burke Mountain, Central Coquitlam, Maillardville etc.
Click Image to compare previous STR/ MTI graphs
Trying to do the math? Lessons: STR MTI
Coquitlam Market Reports and Forecasts
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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.
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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