Market Spotlight: Port Coquitlam Single Family Residential

Resales activity for single family homes in Port Coquitlam is down since the summer of 2012. This submarket typically averages about 35 resales per month, though since June, sales have been down below 30 per month, and November will likely finish even slower.

So far, price levels in Port Coquitlam have not been heavily impacted by the slowdown in sales. As of October 2012, the benchmark price index was up 2.4% from October 2011, though down slightly from June 2012.

Source: REBGV stats.

As of November 2012, there were 144 active listings for single family homes in Port Coquitlam. The average asking price of these listings is $612,627. Only 8 houses have asking prices over $1 Million.

Other facts:

• Average year built: 1983
• Average size: 2,250 SF