Tri-Cities Real Estate Stats — January 2018

Residential home sales last month were up on January 2017 by nearly 20% and 7% above the 10-year average. In contrast, new listings were down in comparison to both the previous month (-100%) and January 2017 (8.3%).

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.

“Demand remains elevated and listings scarce in the attached and apartment markets across Metro Vancouver,” Jill Oudil, REBGV president said. “Buyers in the detached market are facing less competition and have much more selection to choose. For detached home sellers to be successful, it’s important to set prices that reflect today’s market trends.”

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 139 135.6% 56 12.0% $1,265,000
Attached 42 110.0% 19 -40.6% n/a
Apartments 85 3.7% 80 1.3% $552,500

Port Moody Real Estate

Listings Month-over-month change in listings Sales Month-over-month change in sales Median selling price
Detached 20 300.0% 3 -70.0% n/a
Attached 14 -12.5% 11 -26.7% n/a
Apartments 33 153.8% 32 190.9% $595,450

Port Coquitlam Real Estate

Listings Month-over-month change in listings Sales Month-over-month change in sales Median selling price
Detached 37 85.0% 13 -35.0% n/a
Attached 29 163.6% 16 -5.9% n/a
Apartments 36 16.1% 29 -9.4% $425,000

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.