Tri Cities Real Estate Market Statistics – December 2017

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

Coquitlam

In the Coquitlam market, there were 50 sales and 302 active listings for detached homes at the end of the month. The benchmark sale price was $1,282,800, and the average days on market were 34. Central Coquitlam with 10 sales experienced the most sales activity.

The condo market had 80 sales and 106 active listings. The benchmark sale price was $502,900 with 19 average days on market. The hottest market for sales was North Coquitlam, 31 sales.

Townhome featured 30 sales and 27 active listings. The benchmark sales price was $662,600 with an average days on market of 15. Westwood Plateau, with 9 sales, had the most sales activity.

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

MarketHotSheet_December2017_Coquitlam

Port Coquitlam

The Port Coquitlam had 20 sales and 82 active listings for detached homes. The benchmark sale price was $995,800 with an average days on market of 18. Glenwood PQ and Lincoln Park PQ, with 5 sales each, experienced the most sales activities of the month.

Condo featured 33 sales, 25 active listings, a $411,600 benchmark sales price, and 12 average days on market. Central Pt Coquitlam had the most sales activity at 21.

In comparison, townhome had 16 sales and 24 active listings. The benchmark sales price was $632,700 with an average days on market of 13. Citadel PQ and Glenwood PQ were the hottest markets with 4 sales each.

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

MarketHotSheet_December2017_PortCoquitlam

Port Moody

There were 10 sales and 55 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,501,600, and the average days on market were 53. Glenayre and Port Moody Centre, with 2 sales each, had the most sales activities.

The condo market featured 11 sales, 28 active listings, $632,800 benchmark sale price, and 19 average days on market. Port Moody Centre, 9 sales, had most sales activity.

In comparison, townhome sales were 14, active listings were 20 and the benchmark sale price was $629,100. The average days on market were 15. College Park PM with 4 sales was the hottest market for sales.

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

MarketHotSheet_December2017_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