Tri Cities Real Estate Market Statistics – February 2017

Here are the latest real estate market statistics from Macdonald Realty on the tri-cities listings and sales in February 2017.

Coquitlam

In the Coquitlam market, there were 66 sales and 266 active listings for detached homes at the end of February. The benchmark sale price was $1,120,800, and the average days on market were 41. Burke Mountain and Central Coquitlam, with 13 sales each, experienced the most sales activities.

The condo market had 99 sales and 132 active listings. The benchmark sale price was $359,100 with 24 average days on market. The hottest market for sales was North Coquitlam, 43 sales.

Townhome featured 26 sales and 45 active listings. The benchmark sales price was $527,200 with an average days on market of 37. Burke Mountain and Westwood Plateau, with 9 sales each, had the most sales activities in February.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_February2017_Coquitlam

Port Coquitlam

The Port Coquitlam had 27 sales and 98 active listings for detached homes. The benchmark sale price was $860,000 with an average days on market of 22. Glenwood PQ with 7 sales experienced the most sales activity of the month.

Condo featured 37 sales, 57 active listings, a $319,400 benchmark sales price, and 11 average days on market. Central Pt Coquitlam had the most sales activity at 30.

In comparison, townhome had 14 sales and 32 active listings. The benchmark sales price was $535,100 with an average days on market of 17. Central Pt Coquitlam was the hottest market with 4 sales.

It’s a seller’s market for all product types.

MarketHotSheet_February2017_PortCoquitlam

Port Moody

There were 12 sales and 62 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,342,900, and the average days on market were 50. Heritage Mountain and Heritage Woods PM, 3 sales each, had the most sales activities.

The condo market featured 31 sales, 40 active listings, $498,400 benchmark sale price, and 13 average days on market. Port Moody Centre, 27 sales, had most sales activity.

In comparison, townhome sales were 6, active listings were 16 and the benchmark sale price was $516,300. The average days on market were 6. College Park PM and Heritage Woods PM, with 2 sales each, were the hottest markets for sales.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_February2017_PortMoody

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

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