Port Moody Real Estate News

Monday, January 2, 2012

Happy New Year! What Does the 2012 Real Estate Market Hold?

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The Axfords Prudential Sterling Realty would like to wish everyone a Happy New Year and we look forward to seeing our past clients as well as meeting future clients this year!

 

The last quarter of 2011 remained steady with a balance of listing and sales. Prices remain steady as well with minor increases in detached housing, while condo/townhouse prices continued to slowly descend. There is still a lot of inventory in the detached market with over 759 listings in Coquitlam, Port Moody, and Port Coquitlam. Single family homes remains a balanced market in terms of listing/sales ratio.

 

 Interest rates are forecast to remain steady throughout the year as well. 

 

Happy 2012 everyone!

 

 

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