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Coquitlam Real Estate March 2010 Market Stats
- 1. March 2010Overall Market Stats Real Estate Board of Greater Vancouver www.FindYourHomeHere.com
- 2. New Listings March 2010 vs. February 2010 new listings up 52.1% March 2010 vs. March 2009 new listings up 60% www.FindYourHomeHere.com
- 3. Total Listing Inventory March 2010 vs. February 2010 total listings up19% March 2010 vs. March 2009 total listings down 7.6% www.FindYourHomeHere.com
- 4. “The total number of homes listed for sale on our MLS is at its highest level in 10 months, which translates into more options and variety for those looking to buy during the traditionally busy spring period” Jake Moldowan, REBGV president www.FindYourHomeHere.com
- 5. Total Sales March 2010 vs. February 2010 total sales up 26.8% March 2010 vs. March 2009 total sales up 38.5% www.FindYourHomeHere.com
- 6. “With a sales to listing ratio of 23%, we see a healthy balance between buyer demand and seller supply in the marketplace.” Jake Moldowan, REBGV president www.FindYourHomeHere.com
- 7. Overall House Prices March 2010 vs March 2009 prices 20.3% March 2010 benchmark price $584,435 May 2008 previous high in the market May 2008 benchmark price $568,411 March 2010 vs May 2008 2.8% www.FindYourHomeHere.com
- 8. Detached Properties March 2010 vs March 2009 sales 49% March 2010 vs March 2009 price 23.3% March 2010 benchmark price $800,341 www.FindYourHomeHere.com
- 9. Apartment Properties March 2010 vs March 2009 sales 28.3% March 2010 vs March 2009 price 17.3% March 2010 benchmark price $395,507 www.FindYourHomeHere.com
- 10. Attached Properties March 2010 vs March 2009 sales 40.1% March 2010 vs March 2009 price 17.3% March 2010 benchmark price $495,496 www.FindYourHomeHere.com
- 11. www.FindYourHomeHere.com Agnes Pau Re/Max – Sabre Realty #102 – 2748 Lougheed Highway, Port Coquitlam, BC, Canada 604-626-1656
Editor's Notes
- My name, company includes stats from all of greater vancouver
- Good healthy inventory of homes
- Let me explain this little ratio thing. It’s calculated by dividing the number of sales by the number of listings. It gives us a snapshot of what percentage of the listings on the market are selling. We look at them both on a monthly (or weekly) basis and also year-to-date. Although there are divergent opinions, generally speaking, a sales-to-listing ratio of over 50% suggests that it is a SELLERS market. Under 40% is a BUYERS market and in between, is considered to be a BALANCED market.Right now, the sales to listing ratio in the Georgian Triangle is under 30% as one may expect. That means less than 30% of properties on the market are selling. It’s clearly a BUYERS market right now.
- The Housing Price Index (HPI) is a tool developed by the Greater Vancouver and Fraser Valley Real Estate Boards to measure residential market activity. It tracks and measures the movement of mid-range priced homes for a set time period and provides reliable information on housing price trends since it excludes extremely high and low priced properties.