Tri Cities Real Estate Market Statistics – July 2017

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

Coquitlam

In the Coquitlam market, there were 92 sales and 405 active listings for detached homes at the end of the month. The benchmark sale price was $1,276,500, and the average days on market were 25. Central Coquitlam with 27 sales experienced the most sales activity.

The condo market had 139 sales and 147 active listings. The benchmark sale price was $459,400 with 15 average days on market. The hottest market for sales was North Coquitlam, 60 sales.

Townhome featured 40 sales and 60 active listings. The benchmark sales price was $631,000 with an average days on market of 23. Burke Mountain with 14 sales had the most sales activity.

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

MarketHotSheet_July2017_Coquitlam

Port Coquitlam

The Port Coquitlam had 44 sales and 115 active listings for detached homes. The benchmark sale price was $995,400 with an average days on market of 23. Glenwood PQ with 10 sales experienced the most sales activity of the month.

Condo featured 46 sales, 37 active listings, a $401,000 benchmark sales price, and 13 average days on market. Central Pt Coquitlam had the most sales activity at 30.

In comparison, townhome had 26 sales and 25 active listings. The benchmark sales price was $625,300 with an average days on market of 9. Riverwood was the hottest market with 12 sales.

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

MarketHotSheet_July2017_PortCoquitlam

Port Moody

There were 18 sales and 104 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,446,300, and the average days on market were 60. Anmore with 4 sales had the most sales activity.

The condo market featured 36 sales, 34 active listings, $576,600 benchmark sale price, and 14 average days on market. Port Moody Centre, 29 sales, had most sales activity.

In comparison, townhome sales were 21, active listings were 18 and the benchmark sale price was $597,400. The average days on market were 11. North Shore Pt Moody with 8 sales was the hottest market for sales.

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

MarketHotSheet_July2017_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