Tri-Cities Real Estate Stats — December 2017

The Real Estate Board of Greater Vancouver’s statistics for last month show 2017 ended at more typical levels, compared with the record-breaking activity over the past couple of years. That said, real estate sales in December were still 7.5% higher than the 10-year average for the month, and listings were 44% higher than December 2016.

“As we move into 2018, REALTORS® are working with their clients to help them understand how changing interest rates and the federal government’s new mortgage qualifications could affect their purchasing power,” Jill Oudil, REBGV president said. “Only time will tell what impact these rules will have on the market. Home buyers today should get pre-approved before making an offer to ensure that your home buying goals align with your financial situation.”

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 59 -61.4% 50 -37.5% $1,390,400
Attached 20 -60.8% 32 -23.8% $749,400
Apartments 82 -28.1% 79 -25.5% $529,950

Port Moody Real Estate

Listings Month-over-month change in listings Sales Month-over-month change in sales Median selling price
Detached 5 -78.3% 10 -44.4% n/a
Attached 16 -11.1% 15 -6.3% n/a
Apartments 13 -63.9% 11 -71.8% n/a

Port Coquitlam Real Estate

Listings Month-over-month change in listings Sales Month-over-month change in sales Median selling price
Detached 20 -57.4% 20 -25.5% $948,700
Attached 11 -64.5% 17 -29.2% n/a
Apartments 31 -27.9% 32 -25.6% $439,000

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.