The median asking price in Coquitlam is $1,188,000, a substantial increase over the median three months ago which was $1,190,000 .
While the median for British Columbia is $519,000 , which means that Coquitlam’s median price is $1,188,000 considerably better than the rest of the province.
Investors looking for properties in Coquitlam are most likely to find 4 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
There are 359 neighbourhoods that have more properties on sale than Coquitlam at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Coquitlam is a good investment target.
In Coquitlam, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Canada’s national median home listing price this month is $244,900, which means that Coquitlam is in the top 20% for Canada.
Want a cheaply priced house? Then at $458,000 this month, Coquitlam, British Columbia is definitely not for you price wise.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Across British Columbia Coquitlam has the 7th most properties on offer with 124.
It’s never an exact art, but to try to forecast how property is going to appreciate in Coquitlam for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.