Tri Cities Real Estate Market Statistics – November 2017

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

Coquitlam

In the Coquitlam market, there were 81 sales and 421 active listings for detached homes at the end of the month. The benchmark sale price was $1,284,200, and the average days on market were 35. Central Coquitlam with 22 sales experienced the most sales activity.

The condo market had 108 sales and 127 active listings. The benchmark sale price was $493,500 with 21 average days on market. The hottest market for sales was North Coquitlam, 49 sales.

Townhome featured 38 sales and 52 active listings. The benchmark sales price was $658,000 with an average days on market of 28. Burke Mountain, with 12 sales, had the most sales activity.

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

MarketHotSheet_November2017_Coquitlam

Port Coquitlam

The Port Coquitlam had 27 sales and 104 active listings for detached homes. The benchmark sale price was $1,000,300 with an average days on market of 20. Glenwood PQ with 7 sales experienced the most sales activity of the month.

Condo featured 43 sales, 30 active listings, a $435,900 benchmark sales price, and 14 average days on market. Central Pt Coquitlam had the most sales activity at 33.

In comparison, townhome had 22 sales and 33 active listings. The benchmark sales price was $636,200 with an average days on market of 12. Riverwood was the hottest market with 6 sales.

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

MarketHotSheet_November2017_PortCoquitlam

Port Moody

There were 18 sales and 87 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,501,000, and the average days on market were 44. Heritage Woods PM with 4 sales each had the most sales activity.

The condo market featured 39 sales, 36 active listings, $622,700 benchmark sale price, and 18 average days on market. Port Moody Centre, 32 sales, had most sales activity.

In comparison, townhome sales were 15, active listings were 24 and the benchmark sale price was $620,200. The average days on market were 25. Heritage Mountain with 4 sales was the hottest market for sales.

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

MarketHotSheet_November2017_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