Current: Coquitlam's 9 %SOLD Rate indicates a Buyer Market.
(This means 9 homes out of 100 sold last month with an Average $66,000 Discount from the Original List Price) but do check the many micro-markets
8 %SOLD rates for each neighbourhood.
Most Active Range: Homes below $1 mill. have a 21.0 %SOLD rate.
Least Active Range: Homes between $2 mill. have 1.7 %SOLD rate.
History: The Coquitlam Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $181,690.
The Coquitlam Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $95,998.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Coquitlam has a normal Listing supply; 435 homes are for sale. With the 7 %SOLD Monthly Rate (STR) gives us ~14 months of inventory. 11% of the Active Listings have reduced their price by $59,031 on Average or $50,000 Median. We project Coquitlam Detached to be a Buyer Market.
May's Real Estate Statistics shows 64% of Vancouver's Detached Markets values decreased this month. Generally, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $14,880, which is a significant decline from last month's $8,007 price drop. On the other hand, the Fraser Valley shows a steady Market with the monthly price increase of $1,580. The following month's forecasts for Detached Homes are: a continued Buyer's Market across most of Vancouver and a Stable Market over most of the Fraser Valley.
Currently, the Condo Market presents a Warmer Market with 43% of the Greater Vancouver (Lower Mainland) Condo Prices Increasing. On the same note, 46% of the Townhouse Markets are Increasing. (13 out of 28 Markets). We are forecasting a Buyers’ Market in most Condo and Townhouse Markets for the coming month. 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 Neighborhood.