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Coquitlam MLS Real Estate Listings - May 2010 Market Stats for Metro Vancouver
- 1. May 2010Overall Market Stats Real Estate Board of Greater Vancouver www.FindYourHomeHere.com
- 2. New Listings May 2010 vs. April 2010 new listings down 8.3% May 2010 vs. May 2009 new listings up 48.2% www.FindYourHomeHere.com
- 3. Total Listing Inventory May 2010 vs. April 2010 total listings up 10% May 2010 vs. May 2009 total listings up 28.2% www.FindYourHomeHere.com
- 4. “Prospective home buyers in today’s market have a broad selection to choose from in every property type. REALTORS® are telling us they’re working with buyers who are not feeling as rushed to make a decision as they did late last year and earlier in the year,” Jake Moldowan, REBGV president www.FindYourHomeHere.com
- 5. Total Sales May 2010 vs. April 2010 total sales down 10.1% May 2010 vs. May 2009 total sales down 10.4% www.FindYourHomeHere.com
- 6. “It’s important for those looking to buy or sell a home to remember that real estate is local and wise real estate decisions are made by those who understand current market conditions at the neighbourhoodlevel.” Jake Moldowan, REBGV president www.FindYourHomeHere.com
- 7. Overall House Prices May 2010 vsMay 2009 price up 16.7% May 2010 benchmark price $590,662 www.FindYourHomeHere.com
- 8. Detached Properties May 2010 vsMay 2009 sales down 10.4% May 2010 vsMay 2009 price up 19.1% May 2010 benchmark price $810,175 www.FindYourHomeHere.com
- 9. May 2010 vsMay 2009 sales down 7.1% May 2010 vsMay 2009 price up 13.9% May2010 benchmark price $398,783 Apartment Properties www.FindYourHomeHere.com
- 10. May 2010 vsMay 2009 sales down 17.8% May 2010 vsMay 2009 price up 14.8% May 2010 benchmark price $500,339 Attached Properties 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.