Tri-Cities Real Estate Stats — November 2017

The latest figures from the Real Estate Board of Greater Vancouver (REBGV) showed demand remaining above average alongside below-average inventory levels. Sales were 17% above the 10-year average for November. Although listings are below historical levels, they are up 4.3% from a year ago.

“We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium markets,” Jill Oudil, REBGV president said. “While we’re seeing more listings enter the market today than we saw at this time last year, we have a long way to go before our home listing inventory rises back to more historically typical levels.”

For detailed statistics for the Tri-Cities real estate market see below.

Coquitlam Real Estate

Listings Month-over-month change in listings Sales Month-over-month change in sales Median selling price
Detached 153 1.3% 80 -9.1% $1,296,000
Attached 51 -7.3% 42 0.0% $740,000
Apartments 114 -10.9% 106 -8.6% $506,000

Port Moody Real Estate

Listings Month-over-month change in listings Sales Month-over-month change in sales Median selling price
Detached 23 -30.3% 18 -16.2% n/a
Attached 18 -18.2% 16 -5.9% n/a
Apartments 36 -20.0% 39 8.3% $625,000

Port Coquitlam Real Estate

Listings Month-over-month change in listings Sales Month-over-month change in sales Median selling price
Detached 47 -9.6% 27 -12.9% $982,000
Attached 31 40.9% 24 -14.3% $627,500
Apartments 43 -14.0% 43 -34.8% $410,000

Click here to see the full REBGV statistics package. If you have any questions about real estate in Coquitlam, Port Moody or Port Coquitlam, feel free to get in touch using the ‘Connect’ button above.