Feb 1, 2018
Current: Coquitlam's 13 %SOLD Rate indicates a Sellers Market. (This means 13 homes out of 100 sold last month with an Average $28,500 Discount from the Original List Price) but do check the many micro-markets 13 %SOLD rates for each neighbourhood.
Most Active Range: Homes below $1,000,000 have a 38.1 %SOLD rate.
Least Active Range: Homes above $2 mill. have 4.1 %SOLD rate.
History: The Coquitlam Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $173,061.
The Coquitlam Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $125,576.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Coquitlam has a normal Listing supply; 294 homes are for sale. With the 13 %SOLD Monthly Rate (STR) gives us ~8 months of inventory. 3% of the Active Listings have reduced their price by $48,021 on Average or $47,500 Median. We project Coquitlam Detached to be a Sellers Market.
January's Real Estate Statistics shows just 44% of Vancouver's Detached Markets increased values. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price decrease of $12,262, which the same as the $12,671 decrease that we saw in the month prior. On the Average Fraser Valley still has a stronger Market with their $7,012 monthly increase. With the much tougher mortgage lending rules upon us, the higher interest rates, pending trade tariffs and chilly economic winds arriving, we are forecasting the beginning of Buyers Market across most Detached Markets.
Currently, the Condo Markets set the breakneck pace with 93% increasing in Greater Vancouver (Lower Mainland) (28 of 30 Markets). We are forecasting a continued Seller's Market in the Condo Markets for the following months. 57% of the Townhouse Markets are currently increasing (16 out of 28 Markets), but we do expect this market to shift to a Buyer’s Market in the next few months. There is a Notable difference between the top 50% of the markets which are slowing down and decreasing over the much stronger bottom 50% of the markets. 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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