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
Friday, June 17, 2011
Port Moody Real Estate Stats for May
Categories:Port Moody Real estate
The May press release by Real Estate Board of Greater Vancouver (REBGV) was titled 'Greater Vancouver housing market holds steady and favours sellers in May'. Overall, sales of residential properties increased both monthly and yearly comparatively; sales of detached, attached and apartment properties in Greater Vancouver reached 3,377 in May 2011, a 7% jump compared to the 3,156 sales in May 2010 and a 4.7% jump compared to the 3,225 sales in April 2011.
The REBGV is a member-based association of more than 10,000 REALTORS®, and the area covers communities from Whistler to Maple Ridge to Tsawwassen and everywhere in between. The numbers within each of the areas that the REBGV covers vary widely with some areas doing a lot better than others. Port Moody real estate numbers were pretty static on a monthly and yearly basis. The REBGV MLS® Port Moody sales facts showed that there were 28 detached properties sold in May, 22 attached, and 25 condos or apartments sold. This compares to 23/24/26 in April 2011 and 21/23/27 in May 2010.
In regards to the REBGV listings facts issued, Port Moody had 44 new detached properties listed in May, 35 attached properties, and 59 condos or apartments listed. In regards to the percentage of sales to listings, the numbers were 64%, 63% and 42% respectively.
Port Moody real estate prices remain great value compared to other areas in the Greater Vancouver area. The Canada Mortgage and Housing Corporation (CMHC) reported that in the first quarter of 2011 apartment or condominium prices were lower than last year in Burnaby, North Vancouver, Maple Ridge/Pitt Meadows and Port Moody, offering home buyers more modestly priced housing options. According to the REBGV's MLS Link Price Index, the benchmark price for a residential property in Greater Vancouver was $627,568 for April 2011. This was broken down to $890,833 for detached properties, $517,787 for attached, and $407,419 for condos or apartments. Port Moody property prices are well below these benchmark prices: In Port Moody the benchmark price for a detached property was $729,415, for an attached property it was $425,666, and for a condo or apartment it was $303,265.
For the full breakdown on Port Moody real estate numbers for May, see the Real Estate Board of Greater Vancouver website.
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, February 9, 2011
Port Moody Condos for Sale
Make 101 Morrissey Road Port Moody your new home address! This is a perfect example of some of the amazing Port Moody condos for sale on the real estate market right now. You will not find value like this anywhere else in Greater Vancouver and the Tri-Cities area.
Built in 2009, this feels brand new! This condo has an open floorplan has 9 ft high ceilings. The beautiful kitchen features granite counters and KitchenAid stainless steel appliances. This is a two bedroom/two bathroom unit; the bedrooms are on opposite sides of the apartment for extra privacy. Both bathrooms have marble counters--pure luxury.
Features include: in-suite laundry--clothes washer/dryer, fridge, stove, dish washer, drapes and window coverings, and a garage door opener.
If you are a pet lover you will be happy to hear that Pets Allowed with restrictions. Rentals are also allowed with restrictions.
Location, location, location--This condo is in Suter Brook, right in Port Moody Centre; the Marina is nearby, as are lots of recreational facilities and shopping.
The excellent amenities in this building include: elevator, exercise centre, pool; indoor recreation center, and a sauna/steam room.
From the balcony there is a picturesque view of the greenbelt (west facing).
The maintenance fees are low and overall there is great value in this must-see condo unit.
Check out the full list of Port Moody condos for sale and get in touch with me to arrange a showing or for more details.
PRUDENTIAL STERLING REALTY
Tel: (778) 829-3224
Tuesday, January 25, 2011
New Listing on the Port Moody Real Estate Market
Here is a new listing on the Port Moody real estate market and this one is sure to be snapped up quickly: 104 100 CAPILANO Road Port Moody V3H 5M9.
This two bedroom, two bathroom (plus den) condo is a beautiful example of the type of Port Moody real estate available today. The building was constructed in 2005 and still has a new feel about it. The condo boasts high quality modern finishing.
This huge unit is 884 square feet and has bright open concept living space and 9 feet high ceilings. The gourmet kitchen features stainless steel appliances, combined with granite countertops, breakfast bar and cabinet storage space.
There is also a great 950 square feet outdoor garden patio--perfect for those long summer days. The building is very central, you can walk to Newport Village, the recreation centre, schools and Rocky Point trails.
The property comes with two secure underground parking stalls. The building has amazing amenities which include: two guest suites, an amenity room with a kitchen, television, pool table and a well-equipped fitness centre. This condo has to be seen to be believed.
Contact me for full details or to arrange a showing:
PRUDENTIAL STERLING REALTY
Tel: (778) 829-3224
Monday, January 17, 2011
Evergreen Line Good for Port Moody Real Estate
The commute between Port Moody and downtown Vancouver is about to get a whole lot easier in the next few years with the completion of the Evergreen Line. That is the name of the new rapid transit line (Skytrain) that will connect Coquitlam to Vancouver via Port Moody and Burnaby. The Evergreen Line is an essential element of the Provincial Transit Plan and the Federal Building Canada Plan.
The new system will connect to the current SkyTrain network at Lougheed Town Centre Station and will integrate with regional bus and West Coast Express networks. The expected travel time between Coquitlam City Centre through Port Moody to Lougheed Town Centre will be approximately 13 minutes.
Construction of the Evergreen Line is anticipated to begin in early this year and be completed in 4 years. The new Port Moody Skytrain station will be located at the Port Moody transit exchange site.
Good for Port Moody Property Prices
So what does this mean for Port Moody real estate? Well, it's normally the case that improvements in infrastructure lead to an increase in both commercial and residential property prices in an area. With the commute time between Port Moody and Vancouver taking a shorter time with the new Skytrain system, we can expect more and more people taking an interest in the area.
You can find out more information at the official Evergreen Line website.