Tri Cities Real Estate Market Statistics – January 2017

Here are the latest real estate market statistics from Macdonald Realty on Tri Cities listings and sales in January 2017.

Coquitlam

In the Coquitlam market, there were 35 sales and 259 active listings for detached homes at the end of January. The benchmark sale price was $1,107,700, and the average days on market were 36. Central Coquitlam with 9 sales experienced the most sales activity.

The condo market had 60 sales and 140 active listings. The benchmark sale price was $348,200 with 26 average days on market. The hottest market for sales was North Coquitlam, 22 sales.

Townhome featured 15 sales and 46 active listings. The benchmark sales price was $504,600 with an average days on market of 31. Westwood Plateau with 5 sales had the most sales activity in January.

It’s a buyer’s market for single family homes.

MarketHotSheet_January2017_Coquitlam

Port Coquitlam

The Port Coquitlam had 14 sales and 101 active listings for detached homes. The benchmark sale price was $833,000 with an average days on market of 31. Citadel PQ, with 4 sales, experienced the most sales activity of the month.

Condo featured 31 sales, 46 active listings, a $307,400 benchmark sales price, and 26 average days on market. Central Pt Coquitlam had the most sales activity at 25.

In comparison, townhome had 14 sales and 22 active listings. The benchmark sales price was $529,500 with an average days on market of 31. Riverwood was the hottest market with 5 sales.

It’s a buyer’s market for single family homes.

MarketHotSheet_January2017_PortCoquitlam

Port Moody

There were 9 sales and 57 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,344,000, and the average days on market were 31. Anmore, Glenayre and North Shore Pt Moody, 2 sales each, had the most sales activities.

The condo market featured 22 sales, 33 active listings, $493,400 benchmark sale price, and 32 average days on market. Port Moody Centre, 14 sales, had most sales activity.

In comparison, townhome sales were 13, active listings were 12 and the benchmark sale price was $512,200. The average days on market were 29, and North Shore Pt Moody with 5 sales was the hottest market for sales.

It’s a buyer’s market for single family homes.

MarketHotSheet_January2017_PortMoody

Looking for more information about the real estate market in specific neighbourhoods in the Tri Cities

Macdonald Realty has offices in Coquitlam and across the Greater Vancouver.  Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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MLS® Home Price Index (HPI) Benchmark Price

Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.

This blog post is based on market data provided by the Real Estate Board of Greater Vancouver (REBGV) www.rebgv.org