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Real Estate Trends

Tri-Cities Real Estate Trends: 2018 Year in Review [Infographic]

By REW (Real Estate Wire) Jan 23, 2019

Tri-cities Real Estate Trends 2018

Consisting of Coquitlam, Port Coquitlam and Port Moody, the Tri-Cities strikes a nice balance between good pricing and city living. For two consecutive years, REW data shows Anmore as the most popular neighbourhood in the Tri-Cities. It’s no wonder as the fastest growing municipality in Port Moody, the semi-rural village of Anmore boasts large detached homes with large lots or acreage to go along with its spectacular parks.

Adjacent to Port Moody, Harbour Chines in Coquitlam, with its expansive lots and large homes, was the Tri-Cities neighbourhood with most growth – a 71 per cent jump YOY.

In the Tri-Cities, by far home buyers’ most searched for type of property is a three-bedroom house with a market value between $1.25-$1.5M. Our data also disclosed that condo prices have risen an average 15 per cent to a median list price of $540K, much faster than detached home prices. Single-family home prices in the area are going for $1.35M, up by four per cent YOY.

For nature enthusiasts, it is much more reasonable to live in Tri-Cities, with the price per square foot for a detached home $499 and $639 for a condo, compared to the North Shore at $918 and $749 respectively.

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