COQUITLAM & TRI-CITY REAL ESTATE REPORT
NOTE: Use the top toolbar to flip through pages for all the Tri-Cities.
Tri-City Market Report: Real Estate Market Report of Coquitlam, Port Coquitlam and Port Moody. Includes market data from Real Estate Board of Greater Vancouver with a breakdown for Detached Homes, Townhomes, Condos & Apartments.
Author: Meryl Hamdillah is a REALTOR with Sutton WestCoast Group and is an active community writer in Tri-Cities and Vancouver. If you are interested in a real estate or community topic in Tri-Cities or Metro Vancouver, feel free to call or text 604-307-9506
Inventory remained low in the Tri-Cities with a very slight increase for detached homes. There were 873 properties which is -25.6% below the 10 year average of 1174 homes.
There were 241 home sales in the Tri-Cities which is 2.6% higher than the 10-year January average of 235 sales.
Real Estate Market Insight
In the TriCities, condos and townhomes were in sellers markets with sales-to-active-listings ratios that were well above 20%. Detached homes started in a Balanced market and dipped into a Buyers markets below 12% sales-to-active-listings ratio. Economist predict that when markets stay below 12% for 30+ days, there will be some downward pressure on prices.