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Condos continued to fly off the shelves in the Tri-Cities last month, with each city recording growth over April 2015. However, things are definitely seeing a cooling trend. Coquitlam sales were nearly two per cent higher in April than March and they were exactly the same in Port Moody from one month to the next. It was PoCo that saw the biggest drop – sales there went down more than 15 per cent from March to April.
Canyon Springs
Apartment residences in this upscale Coquitlam neighbourhood often have all the bells and whistles. There are four such choices currently starting with a one-bedroom in The Kennedy for $257,800 to a two-bedroom in Mountainside for $364,900. Both are recent listings having come to the market on April 19 and 22.
Seven listings changed hands last month in Canyon Springs according to our reports. It took only one day for the owners of one-bedroom in The Jefferson to accept an offer right at their $$252,000 list price. Sellers of a one-bedroom in The Montclair only had to hold out for a week before an offer 16 per cent over their list price of $208,900 was too hard for them to resist.
Central Port Coquitlam
The historical heart of PoCo is the perfect place to appreciate this growing city. There are 54 active listings here beginning with a $90,000 Orchard Valley one-bedroom that became available in late-February. If you’re feeling flush, you can spend as much as $449,900 for a two-bedroom in Villagio 2 that was listed in late April.
Well over 30 Central Port Coquitlam condos found new owners last month. Sales were quick with the average transfer taking two weeks. One sale that bucked that trend (a two-bedroom in Pearl) took six weeks to move and went for five per cent less than its $314,900 list price. More in line with what we hear more and more of these days was the sale of a one-bedroom in Mistral Quay that sold after nine days for 20 per cent more than its $159,900 sticker price.
Tricities Condo Market Snapshot
