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
Why MLS® HPI and a Realtor’s Guidance Matter (January, 2026)
Looking at the Tri-Cities charts for January, 2026 one thing is clear: different cities and property types don’t move the same way at the same time.
The graphs show that:
HPI prices, median prices, and average prices can move in different directions.
Coquitlam, Port Coquitlam, and Port Moody do not perform identically.
Some markets recover faster, some soften earlier, and some stay flat.
That’s why average or median prices alone can be misleading.
What a Realtor® does for you:
A professional Realtor® doesn’t rely on “one number.” They analyze:
MLS® HPI benchmark trends (true market direction).
Median vs. average price differences.
Local inventory, sales, and absorption trends.
Your exact property type, building, and location.
Even two condos in the same city can perform very differently depending on building age, strata fees, floor level, view, layout, and buyer demand.
The real advantage for sellers and buyers:
Sellers avoid overpricing (which causes listings to sit and lose leverage).
Buyers avoid overpaying based on misleading averages.
Both sides make decisions using real benchmark trends—not headlines.
In simple terms:
MLS® HPI shows where the market is really going. A Realtor® explains what it means for your specific home.
Monthly MLS® Housing Market Report provided by Greater Vancouver Realtors®.
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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.
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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.
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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.
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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.
Source*
Market Valuation and Adjustments for REALTORS®, Copyright © 2018, Real Estate Board of Greater Vancouver. The Canadian Real Estate Association