I like watching hockey. The fast, furious and constantly changing game starts with a puck dropping. Our home town team the Canucks, had high hopes for a first round come back but after mere minutes of overtime play it was not to be.
Some who watch the Vancouver’s real estate market might suggest that it too is fast, furious and constantly changing. In this the first of a seven community series, we will have a look at Coquitlam and like the Canucks, hold hope high that it will survive an overtime period.
This Coquitlam community snapshot covers the period from February 25 to April 24, 2012.
Fans pack an arena when a series final is played. Total listings in Coquitlam packed this local market in Feb/Mar for a total of 574 units. In the last 30 day period a few listings didn’t make it to the game as Mar/Apr’s turnout was 506.
Made from vulcanized rubber, hockey pucks are frozen before a game to help stop them from bouncing on the ice. It seems that Coquitlam’s sales pucks didn’t make it to the freezer as sales bounced from 137 in Feb/Mar down to 60 in Mar/Apr.
Expired and Days on Market
- Feb/Mar saw 11 listing mandates expire. In Mar/Apr that number crossed the blue line at 20.
- The average number of days it took to score a home sale in Coquitlam increased from Feb/Mar’s 28 to Mar/Apr’s 30.
Average and Median Price Scores
- It’s uncertain whether Coquitlam home sellers will turn in their seasons tickets as they watch Average Asking prices for sold properties drop from Feb/Mar’s $785,662 to Mar/Apr’s $762,789.
- Median Ask prices for sold properties in Feb/Mar crossed the center line at $777,800 only to be slammed into the boards as Mar/Apr recorded $739,000.
- Average Sold prices in Feb/Mar’s $774,915 came out from behind the net but were cross checked as Mar/Apr recorded the hit at $749,417.
- A slap shot sent Feb/Mar’s Median Sold price of $766,355, clear of the net and above the glass to record $734,950 in Mar/Apr.
60 sales may indicate the outcome of Coquitlam real estate’s overtime period.
Image Credit: Flicker Geoffery Kehrig