Port Moody Real Estate News

One of the attractions of Port Moody living is the proximitiy to the outdoors. One can easily pass a lazy afternoon with a picnic at Rocky Point Park, a hike or canoe ride in Buntzen Lake, a swim on the beach at White Pine, plus all the bike and running trails that surround Port Moody. Port Moody outdoor recreation is the best around! As a resident Port Moody realtor, I am proud to call it home. It's hard to imagine that this photo of Buntzen Lake is only a ten minute drive away from the city core. It's the perfect place to retreat to with friends, family or just to take your dog for a walk.

 

 

Buntzen Lake, Port Moody, BC

 

 

 

 

The summer market has cooled off and sales have decreased throughout July and August. An increase in inventory levels and slower sales are turning back towards a "Buyers Market".

Currently in all Port Moody condos and townhouses there are currently 285 active listings, and only 33 sales in July and first half of August.

Sellers- You must be the best priced or your place will NOT sell.

Buyers-lots ot choose from and more negotiating strength.

Some Buyers seem to be waiting to see what happens with the market. Will prices decrease, and how much will they come down? Always good to keep in mind, but watch for interest rate hikes as an increase in interest rates will more or less leave you with the same payments each month.