Tri Cities Real Estate Market Statistics – March 2017

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

Coquitlam

In the Coquitlam market, there were 99 sales and 274 active listings for detached homes at the end of March. The benchmark sale price was $1,150,500, and the average days on market were 35. Central Coquitlam with 22 sales experienced the most sales activity.

The condo market had 153 sales and 116 active listings. The benchmark sale price was $371,100 with 17 average days on market. The hottest market for sales was North Coquitlam, 66 sales.

Townhome featured 44 sales and 48 active listings. The benchmark sales price was $538,400 with an average days on market of 19. Burke Mountain with 16 sales had the most sales activity in March.

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

MarketHotSheet_March2017_Coquitlam

Port Coquitlam

The Port Coquitlam had 49 sales and 91 active listings for detached homes. The benchmark sale price was $884,000 with an average days on market of 30. Licoln Par PQ with 10 sales experienced the most sales activity of the month.

Condo featured 56 sales, 60 active listings, a $331,200 benchmark sales price, and 14 average days on market. Central Pt Coquitlam had the most sales activity at 47.

In comparison, townhome had 32 sales and 29 active listings. The benchmark sales price was $548,000 with an average days on market of 14. Riverwood was the hottest market with 10 sales.

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

MarketHotSheet_March2017_PortCoquitlam

Port Moody

There were 22 sales and 64 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,347,800, and the average days on market were 32. North Shore Pt Moody with 5 sales had the most sales activity.

The condo market featured 45 sales, 34 active listings, $509,900 benchmark sale price, and 19 average days on market. Port Moody Centre, 31 sales, had most sales activity.

In comparison, townhome sales were 15, active listings were 20 and the benchmark sale price was $522,600. The average days on market were 34. College Park PM with 9 sales was the hottest market for sales.

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

MarketHotSheet_March2017_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