Tri Cities Real Estate Market Statistics – September 2017

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

Coquitlam

In the Coquitlam market, there were 75 sales and 466 active listings for detached homes at the end of the month. The benchmark sale price was $1,280,600, and the average days on market were 34. Central Coquitlam with 19 sales experienced the most sales activity.

The condo market had 109 sales and 173 active listings. The benchmark sale price was $482,300 with 20 average days on market. The hottest market for sales was North Coquitlam, 50 sales.

Townhome featured 39 sales and 60 active listings. The benchmark sales price was $641,400 with an average days on market of 15. Burke Mountain with 14 sales had the most sales activity.

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

MarketHotSheet_September2017_Coquitlam

Port Coquitlam

The Port Coquitlam had 41 sales and 99 active listings for detached homes. The benchmark sale price was $995,800 with an average days on market of 23. Mary Hill with 7 sales experienced the most sales activity of the month.

Condo featured 55 sales, 67 active listings, a $414,200 benchmark sales price, and 10 average days on market. Central Pt Coquitlam had the most sales activity at 47.

In comparison, townhome had 25 sales and 36 active listings. The benchmark sales price was $635,400 with an average days on market of 12. Riverwood was the hottest market with 13 sales.

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

MarketHotSheet_September2017_PortCoquitlam

Port Moody

There were 17 sales and 104 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,497,200, and the average days on market were 44. Heritage Mountain with 3 sales each had the most sales activity.

The condo market featured 24 sales, 50 active listings, $601,300 benchmark sale price, and 12 average days on market. Port Moody Centre, 19 sales, had most sales activity.

In comparison, townhome sales were 12, active listings were 23 and the benchmark sale price was $605,400. The average days on market were 12. Heritage Woods PM and Port Moody Centre, with 4 sales each, were the hottest markets for sales.

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

MarketHotSheet_September2017_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