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, January 2, 2012
Happy New Year! What Does the 2012 Real Estate Market Hold?
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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