Real Estate market collapse?
September 29th, 2006The Tri-City real estate market is still doing well....not dead..only a flesh wound!.
COQUITLAM stats; detached homes - June 1 to Sept 29/06, 415 homes sold average days on the market was 32 Sale price to List price ratio was 97.46% (104 sales per month avg)
Compare this to the hot spring market - Feb 1 to June 1/06 - 552 homes sold - avg days on market was 29, Sale price to List price ratio was 98.08% (138 sales per month avg)
From this we can see that sales are definitely slower in the past 4 months BUT half of this time was in the traditional slow time of the year (July, August).
Average selling
COQUITLAM stats; detached homes - June 1 to Sept 29/06, 415 homes sold average days on the market was 32 Sale price to List price ratio was 97.46% (104 sales per month avg)
Compare this to the hot spring market - Feb 1 to June 1/06 - 552 homes sold - avg days on market was 29, Sale price to List price ratio was 98.08% (138 sales per month avg)
From this we can see that sales are definitely slower in the past 4 months BUT half of this time was in the traditional slow time of the year (July, August).
Average selling