Understanding Price Index and Property Values:

Free Comparative Market Analysis (CMA) for Clients

As a client, benefit from my free Comparative Market Analysis (CMA) , to accurately assess the market value of your property. The CMA considers recent sale prices of similar properties, assisting in setting a reasonable listing price for sellers or helping buyers make informed offers.

Why it Matters:

Accurate property valuation is crucial for informed decision-making, meeting the needs of sellers, buyers, lenders, investors, or insurers.

MLS® Home Price Index (HPI)
Tri-Cities | Coquitlam, Port Coquitlam and Port Moody

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MLS HPI Price Index for Tri Cities Coquitlam Port Moody and Port Coquitlam

📊 Share This Market Update. Easily share this chart with your clients or team via social media or email. To download a PDF, click the icon in the top right corner of the chart.

Relying solely on average or median prices might not provide a comprehensive view of property value. The MLS® HPI is a valuable tool that calculates data for a typical home with common features in a specific neighborhood, offering benchmark prices for different housing categories.
Why it Matters:
Benchmark prices provide detailed insights into the typical selling price of homes with specific styles, presenting a more accurate assessment of property values.
By leveraging benchmark prices, a Realtor® can provide valuable insights at any time, explaining whether the current market is favorable to buyers, sellers, or balanced. In a seller's market, you might experience price increases and multiple offers on properties. On the other hand, in a buyer's market, prices may decrease, posing challenges for sellers, especially those with less attractive properties.
Gain a broader perspective by tracking home price trends over time, considering both neighborhood and housing type. Assessing trends in sales, listings, and additional data allows for better-informed real estate decisions.
Why it Matters:
Understanding how trends impact home values is essential for comprehensive decision-making in real estate transactions.
As your REALTOR®, I leverage the MLS® HPI to provide expert guidance, enhancing the confidence and accuracy of your buying or selling experience.
Why it Matters:
Utilizing the MLS® HPI ensures a more precise understanding of property values, facilitating successful real estate transactions.
Clients have access to the Stats Centre Report, offering valuable information about their neighborhood's housing market.
Why it Matters:
The Stats Centre Report provides insights into the local market, aiding clients in making well-informed decisions.

Disclaimer:

Verify information independently, as it may not always be entirely accurate. This information is not an invitation to sell and does not disrupt current agency agreements.