Friday, April 9, 2010 Coquitlam Market Update Aprilby Brian Lamb on Fri, Apr, 9, 2010 04:04 PM Greetings...
The Real Estate Board of Greater Vancouver has just released their stats package for March and it shows a steady climb in both listings and sales in Coquitlam while median sale price has dropped slightly.
Listings in March reached the highest total since May of 2008, and saw a 30% increase over the previous month. With this increased supply of homes more selection will be available for buyers looking to purchase.
Single family homes have seen a 19% increase in sales in March from February and an impressive 300% increase since December. As listings for the month of March outpaced sales, the median prices of detached homes had a slight drop of 3% from what was a 2 year high in February.
The increase of sales and listings and the plateau of prices indicate we are heading into more of a typical spring balanced market.
To see the listings, sales and median price since October 2007 please see the chart below.
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