Tri Cities Real Estate Market Statistics – April 2017

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

Coquitlam

In the Coquitlam market, there were 114 sales and 298 active listings for detached homes at the end of April. The benchmark sale price was $1,187,000, and the average days on market were 32. Central Coquitlam with 21 sales experienced the most sales activity.

The condo market had 127 sales and 114 active listings. The benchmark sale price was $383,300 with 16 average days on market. The hottest market for sales was North Coquitlam, 44 sales.

Townhome featured 47 sales and 56 active listings. The benchmark sales price was $554,500 with an average days on market of 23. Burke Mountain with 18 sales had the most sales activity in April.

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

MarketHotSheet_April2017_Coquitlam

Port Coquitlam

The Port Coquitlam had 46 sales and 96 active listings for detached homes. The benchmark sale price was $915,900 with an average days on market of 36. Glenwood PQ with 19 sales experienced the most sales activity of the month.

Condo featured 48 sales, 45 active listings, a $334,900 benchmark sales price, and 16 average days on market. Central Pt Coquitlam had the most sales activity at 38.

In comparison, townhome had 27 sales and 31 active listings. The benchmark sales price was $557,000 with an average days on market of 15. Riverwood was the hottest market with 7 sales.

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

MarketHotSheet_April2017_PortCoquitlam

Port Moody

There were 22 sales and 77 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,367,800, and the average days on market were 33. College Park PM with 5 sales had the most sales activity.

The condo market featured 40 sales, 38 active listings, $531,300 benchmark sale price, and 12 average days on market. Port Moody Centre, 30 sales, had most sales activity.

In comparison, townhome sales were 19, active listings were 28 and the benchmark sale price was $546,800. The average days on market were 15. Heritage Woods PM with 6 sales was the hottest market for sales.

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

MarketHotSheet_April2017_PortMoody

Looking for more information about the real estate market in specific neighbourhoods in the Coquitlam, Port Coquitlam, and Port Moody

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.rebgvkv.org