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
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.
Wednesday, March 9, 2011
Port Moody Property Prices for February
The Real Estate Board of Greater Vancouver (REBGV) released its February 2011 which showed increased housing demand across all sections of the housing market in Greater Vancouver with Richmond and Vancouver Westside.
The report also showed benchmark prices for properties across the different regions of Greater Vancouver that it covers. The benchmark price is the estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.
The average price of a detached home in Port Moody, according to the report, is now $746,726. For an attached price the benchmark price is now $414,456, and for a apartment or condo in Port Moody the benchmark price is now $288,869.
The report showed that there were 18 detached home sales, 21 attached home sales, and 27 condo or apartment sales in Port Moody in February. The median price for detached home sales was not available, but for attached homes the median price was $425,000 and for condos or apartments it was $349,000.
The Real Estate Board of Greater Vancouver (REBGV) is a member-based association of more than 10,000 REALTORS® who live and work in communities from Whistler to Maple Ridge to Tsawwassen and Port Moody and everywhere in between.
You can download the full Real Estate Board of Greater Vancouver report for February here. Contact us if you are looking for more in-depth information on the Port Moody real estate market--we are experts in this area.