As seen in...
Westcoast Condominium Logo
Coquitlam and Port Moody sellers enjoyed a better September than August, while the reverse was true for Port Coquitlam condos looking for new owners. Sales were up almost 24 per cent last month in Coquitlam compared with the previous month; in Port Moody, sales were a touch over 23 per cent higher. In the meantime, sales in PoCo dropped nearly 10 per cent during the same time period. All owners can take heart though when comparing July to September 2015 sales with those during the same months in 2014. These were up 33.8 per cent in Coquitlam, 38.1 per cent in Port Coquitlam, and 41.3 per cent in Port Moody.
Patterns were different when it came to new listings being added to the market last month. While Coquitlam and Port Coquitlam saw decreases compared with August (-3.1 per cent and -6.8 per cent respectively), Port Moody added over 41 per cent more condo listings to the market.
Glenwood
With 26 active listings at the time of writing, the median asking price for this neighbourhood was $239,850, below Port Coquitlam’s overall median listing price of $257,400. You can get your foot in the door for $135,900 – that’s a 34-year-old, one-bedroom home at Coquitlam Place. If money is no object and this is your neighbourhood of choice, a two-bedroom unit is going for $389,000 at two-year-old The Residences on Shaughnessy.
Of the two condos reported as sold in this community between September 19 and October 2, both went three per cent below their asking price. The owner of a 20-year-old, one-bedroom apartment accepted an offer of $194,000 while that of a 23-year-old, two-bedroom home agreed to let their home go for $214,000.
Port Moody Centre
Forty-nine of Port Moody’s 66 active listings at the time of writing were located within this busy neighbourhood. With a median listing price of $375,000, there is a wide range of product available: studios and one- and two-bedrooms in buildings aged two to 50 years. The two half-century homes on the market (both in the same building) are also the least expensive: $135,000 for a studio; $135,800 for a one-bedroom. Topping the neighbourhood market at $598,000 is a two-bedroom home in a six-year-old building on Capilano Road. It’s getting stiff competition from another unit in the same building. Located on a higher floor, the latter condo was listed in early September at $569,800.
It’s not unusual for Port Moody condos to go for over asking. The one reported home in this particular community to sell between September 19 and October 2 was a one-bedroom at The Room at Suterbrook. It went for $305,000 – two per cent over its list price.
NS-OCT-Tricities
