Coquitlam Real Estate March 2010 Market Stats
Upcoming SlideShare
Loading in...5
×
 

Coquitlam Real Estate March 2010 Market Stats

on

  • 433 views

http://www.FindYourHomeHere.com Market stats for March 2010 shows the number of listings are on the rise to create a balances spring market

http://www.FindYourHomeHere.com Market stats for March 2010 shows the number of listings are on the rise to create a balances spring market

Statistics

Views

Total Views
433
Views on SlideShare
433
Embed Views
0

Actions

Likes
0
Downloads
1
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment
  • 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.

Coquitlam Real Estate March 2010 Market Stats Coquitlam Real Estate March 2010 Market Stats Presentation Transcript

  • March 2010Overall Market Stats
    Real Estate Board of Greater Vancouver
    www.FindYourHomeHere.com
  • New Listings
    March 2010 vs. February 2010 new listings up 52.1%
    March 2010 vs. March 2009 new listings up 60%
    www.FindYourHomeHere.com
  • Total Listing Inventory
    March 2010 vs. February 2010 total listings up19%
    March 2010 vs. March 2009 total listings down 7.6%
    www.FindYourHomeHere.com
  • “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
  • 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
  • “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
  • 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
  • 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
  • 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
  • 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
  • www.FindYourHomeHere.com
    Agnes Pau
    Re/Max – Sabre Realty
    #102 – 2748 Lougheed Highway, Port Coquitlam, BC, Canada
    604-626-1656