Port Moody Living
"City of the Arts" - Located at the head of Burrard Inlet, this vibrant city is rich in history and modern development. Steps from seaside parks, mountain trails and lakes, Port Moody is a nature lovers paradise.
Port Moody Real Estate News
Monday, April 25, 2011
Spring Market in Port Moody
Greg talks about the Spring Market. In the Newport, Klahanie, Suterbrook developments there were a combined 14 sales (Jan), 18 sales (Feb), 20 sales (Mar) and 4 (Apr). There are currently 126 active listings which is approximately an 8 month supply of inventory. Supply and demand in the condo market is forcing prices down currently. Blogged just 12 minutes from Port Moody center, this is an ideal place for those looking to get away for an afternoon or day.
Tuesday, April 12, 2011
Port Moody Real Estate Stats for March
Categories:port moody condos,port moody property prices,port moody property stats,port moody real estate
According to the Real Estate Board of Greater Vancouver, activity in the Greater Vancouver housing market continued to strengthen in March with both the number of homes sold and added to the region’s Multiple Listing Service® (MLS®) reaching near record levels. Port Moody was one of the areas within Greater Vancouver that saw increases across the board in terms of property sales and listings, with apartments or condos performing especially well in terms of residential property types.
The Board reported that residential property sales of detached, attached properties and apartments/condos in Greater Vancouver reached 4,080 last month. This was a 31.7% increase on February 2011, and an increase of 30.1% compared to sales in March 2010 and an 80.1% increase from the number of residential property sales in March 2009. The all-time Greater Vancouver sales record for March was back in 2004 when 4,371 residential property sales were recorded.
The Port Moody real estate market had a very strong start to the season. This is normally a busy time for REALTOR®s and it's great to see that the levels of sales is on par with the amount of properties being listed in Port Moody. Condos in Port Moody are out-performing attached and detached properties in terms of the amount of sales and listings. However it's detached properties that are experiencing the highest month-on-month price increases (according to the Real Estate Board of Greater Vancouver's benchmark price index).
Here are the March real estate stats for Port Moody:
Port Moody Benchmark Property Prices:
According to the Real Estate Board of Greater Vancouver, benchmark prices are the estimated sale prices of a benchmark property. Benchmarks represent a typical property within each market.According to MLS® SALES facts, Port Moody had:
According to MLS® LISTINGS facts, Port Moody had:
The Real Estate Board of Greater Vancouver is an association representing more than 10,000 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information, check out the official Real Estate Board of Greater Vancouver website.
Check back here regularly for more information on monthly Port Moody real estate news and statistics.