Port Moody Real Estate News

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.