Vancouver

Tri-Cities Condo Market Snapshot: January 19-29, 2016

As more condos come on the market, median prices are dropping

By
REW.ca
February 12, 2016






Tricities-monthly-stat

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Westcoast Condominium



It’s a familiar story no matter where you condo shop in Metro Vancouver. Listings are picking up and the new properties coming on the market are by far and wide more affordable ones. The result: more options with more reasonable prices.

One of the most affordable condos in Coquitlam came on the market January 23. This one-bedroom home in Centennial House is listed at $145,000. In Port Coquitlam, two one-bedroom units in Coquitlam Place were listed in late January – one for $109,900 and the other for $135,900. And in Port Moody, a one-bedroom in Forest Hill entered the market January 21 for $275,000.

If you’re searching at the higher end of the scale, a two bedroom in Port Moody Centre’s Nahanni building was listed January 19 for $757,000. PoCo’s priciest option came on the market January 27. It’s $398,888 for a two-bedroom in The Shaughnessy. Coquitlam’s Westwood Plateau had the city’s most expensive listing at the time of writing. A one-bedroom in Cascade was put on the market for $1.1 million on January 25.

Canyon Springs

This is a great neighbourhood for Douglas College students and workers and both the area’s current listings are within easy walking distance of both this and the Aquatic Centre. You can pick up a home here for $219,000 in The Madison or for $239,800 in The Kennedy.

There were two sales recently in The Madison, with the owners walking away with varying degrees of satisfaction. A one-bedroom home in the building went for three per cent under its list price of $229,800 after 35 days on the market, while a two-bedroom there sold foe eight per cent over its $328,800 price after just six days of action.

Glenwood

This popular Port Coquitlam neighbourhood is a vibrant community with lots of shopping, recreational, and entertainment amenities. The 15 active condo listings here include several that are new to the market including a two-bedroom in Key West that was listed in mid-January for $229,000. Its owners are probably hoping for the same kind of offer one of their neighbours accepted January 16. That two-bedroom home sold for five per cent over its asking price of $219,000 after four days. 

Tricities Condo Market Snapshop


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