Subscribe with RSS ReaderTuesday, July 21, 2009 June House Sales Activity in Coquitlam, Port Moody and Port CoquitlamCategories:Coquitlam Homes,Coquitlam Real Estate
In June of this year the housing market set some records. Here are a few highlights:
Detached Home Sales In June 2009 Compared to June 2008Coquitlam .......................................................up 122.2 per cent (160 units sold from 72)
Port Moody/ Belcarra .......................................up 120 per cent (33 units sold from 15)
Attached Home Sales In June 2009 Compared to June 2008Coquitlam ........................................................................... up 80 per cent (54 units sold from 30)Port Coquitlam ................................................................... up 82.6 per cent (42 units sold from 23)
Port Moody/ Belcarra ...........................................up 77.3 per cent (39 units sold from 22)
Needless to say the market has caught fire in part to a build up of demand from buyers that held off buying in the October 2008 to February 2009 time period plus record low interest rates. Buyers are taking advantafe of lower housing costs through both lower home prices and lower mortgage payments.
Will it last? I think that rates should stay low for the next 12 months. Buying activity should remain strong as we come out of the current recession over the next 12 months.
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