Tri Cities Real Estate Market Statistics – June 2017

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

Coquitlam

In the Coquitlam market, there were 128 sales and 377 active listings for detached homes at the end of the month. The benchmark sale price was $1,256,700, and the average days on market were 24. Central Coquitlam with 27 sales experienced the most sales activity.

The condo market had 143 sales and 135 active listings. The benchmark sale price was $442,600 with 16 average days on market. The hottest market for sales was North Coquitlam, 61 sales.

Townhome featured 42 sales and 44 active listings. The benchmark sales price was $617,400 with an average days on market of 16. Burke Mountain with 13 sales had the most sales activity.

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

MarketHotSheet_June2017_Coquitlam

Port Coquitlam

The Port Coquitlam had 66 sales and 97 active listings for detached homes. The benchmark sale price was $990,500 with an average days on market of 15. Glenwood PQ with 19 sales experienced the most sales activity of the month.

Condo featured 69 sales, 42 active listings, a $386,900 benchmark sales price, and 13 average days on market. Central Pt Coquitlam had the most sales activity at 56.

In comparison, townhome had 38 sales and 30 active listings. The benchmark sales price was $591,400 with an average days on market of 13. Riverwood was the hottest market with 16 sales.

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

MarketHotSheet_June2017_PortCoquitlam

Port Moody

There were 21 sales and 97 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,444,700, and the average days on market were 21. Anmore with 6 sales had the most sales activity.

The condo market featured 50 sales, 37 active listings, $554,500 benchmark sale price, and 12 average days on market. Port Moody Centre, 35 sales, had most sales activity.

In comparison, townhome sales were 19, active listings were 18 and the benchmark sale price was $584,400. The average days on market were 14. Port Moody Centre with 6 sales was the hottest market for sales.

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

MarketHotSheet_June2017_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