The gears of the Real Estate market are turning just as quickly as the weather has flipped from More Snow Than Calgary to our beloved rainy with a chance of extra rain. Housing activity has warmed like our weather eventually will.
Jokes aside, we are experiencing another spike in the market after our relatively calm winter months. The snow is gone, spring cleaning is progressing, the Evergreen Line is booming, and condos are selling! As observed by the graph below, the Coquitlam condo market has spiked to higher levels than even last year!
What does this mean for you?
Potential Buyers: Be prepared and on top of the latest listings. The Coquitlam condo market is in fierce competition and you need to be in the know-how to obtain that dream home you’ve been eying!
Potential Sellers: Your condo is the hot commodity in the real estate market this season! Take the extra time to make sure you are fully prepared to sell. Maximize the value of your house before putting it on the market! Ensure your home is strategically positioned and priced for maximum return.
Professional advice is always recommended when it comes to large transactions such as real estate, but it will always be beneficial to first do your own research.
In spirit of this news about the condo market, here are a few fun facts!
The Most Expensive Condo in Coquitlam
3002-3007 GLEN DRIVE :: Central Coquitlam
List Price: $1,250,000
- 2 Bedrooms
- 3 Bathrooms
- 1316 sq. ft.
- Breathtaking views
This two year old penthouse in the heart of Coquitlam boasts spectacular finishings and panoramic in a new building… at the cost of $1,250,000. Live in the lap of luxury!
Listed by: Roy Choi PREC, Keller Williams Elite Realty
The Fastest Selling Condo in Coquitlam
402 1438 PARKWAY BOULEVARD :: Westwood Plateau
- List Price: $469,000
- 2 Bedrooms
- 2 Bathrooms
- 948 sq. ft.
- Ideal for investors
A cozy two bedroom condo in a great neighbourhood. Pets and rentals both being allowed means that homes similar to this are ideal for investors! Stay on your toes if you’re on the lookout for homes like this.
Listed by: Louise Hendricks, RE/MAX All Points Realty
Here’s a more detailed breakdown of the Coquitlam Condo activity last month:
Condos in Coquitlam, particularly those around the Evergreen Line, are on our watch list for sure. Click here to start shopping!
Commemorating 25 Years of Miracles
The Children’s Miracle Network is committed to raising money for children’s hospitals, awareness of children’s health issues, and for research.
I received a letter in the mail this week celebrating the 25th anniversary of when I decided to start making a difference. Through RE/MAX’s affiliation with the network, by donating money directly based on income, we have managed to raise over $64 million since 1992!
Received this beautiful pin today to remind us all of the miracles we have contributed to within the last 25 years, but also to remind everyone that there is always more to be done. Help our children today and make that commitment!
If you are a realtor, get in touch with RE/MAX Corporate to see how you can start contributing to better the lives of these kids.
Not a realtor? Click here to learn how you can make a difference today.
We had the honor of attending the IMAGINE Gala last weekend to in effort to raise funds for the SHARE Society; an organization that exists to connect, engage and strengthen individuals and families in the Tri-Cities, Anmore and Belcarra.
Through fundraisers such as there IMAGINE Gala, SHARE Society has been able to give back to the community ten hold through their support and food bank programs.
This night was no exception! With the help from notable sponsors including; CTV, Vancity, Save on Foods, and IKEA to name a few. See full list of sponsors here.
Team Léo was grateful for being apart of such an amazing community initiative. Not to mention we had a great time, the pictures speak for themselves!
Today, our team was recognized with an award for being the #1 Team at RE/MAX All Points Realty!
We are extremely grateful for this award. 127 deals in 2016 – way to go team! We missed having Anh Hoang at our event. She is on a much deserved holiday in London – though still working, from a distance, on 3 deals!!
Congratulations to Léo Bruneau for earning the Diamond level of achievement!
Extra special thank you to:
Keith Cornies – for your much needed coaching throughout the year!
Gayle Kossaber – for your continuous support and guidance!
Lynda Kell and Jennie Copeland – for looking after our conveyance needs!
And all of our incredible family, friends, clients, and community for helping us to achieve this award, and doing so with smiles on our faces!
Looking forward to a successful 2017,
Matt, Ron, Nancy, Jasmine, Robin, Kristen, Anh, and Léo
Our Home Buyers Seminar was a huge success! Thank you to all of those who made it out. Your support was phenomenal and we hoped that you walked away with more knowledge than you did before coming in.
Special thank you to our guest speakers:
- Giselle Miranda Tibble – Canada Guaranty Mortgage Insurance Company
- Jane Wedekind – Scotiabank Home Financing Advisor
- Garrett Munroe – Munroe & Company Barrister & Solicitor
- Aaron Borsch – A Buyers Choice Home Inspections
This was the very first seminar we hosted on our own, and we are extremely grateful for its success. If you missed this event, don’t worry – we’ll definitely have more in store for the future!
Email us your ideas at firstname.lastname@example.org, or if you missed this event and would like a copy of some of the media that was shared around.
You are invited to our Home Buyers Seminar!
When: January 18th at 7 pm
Where: Team Leo office: 100-1060 Austin Avenue Coquitlam
Giselle Miranda Tibble – Canada Guaranty Mortgage Insurance Company
Jane Wedekind – Scotiabank Home Financing Advisor
Garrett Munroe – Munroe & Company Barrister & Solicitor
Aaron Borsch – A Buyers Choice Home Inspections
Matt McGuigan – Team Leo
Whether you’re a first time home buyer or experienced buyer, hear from the experts in the field, learn tips on buying real estate.
Get the details on the new first time home buyers deposit assistance from the BC Government – BC Home Partnership Program.
Sign up below to ensure a seat, let us know if you are bringing a friend. Light refreshments included!
The beautiful and classic city of New Westminster is an excellent place to live. With the addition of the Evergreen Extension and the two Expo Line routes that pass through, connecting New Westminster to Coquitlam, North Burnaby, Vancouver and Surrey, we can only expect promising changes to this market.
Here’s the October market report from REBGV!
The condo market in New Westminster continues to be fast paced, with 87 sales and 157 listings in the last month! The benchmark price for a condo in New Westminster was $376,800 in the month of October. Many new condos are placed onto the market every day. It’s an ideal time for buyers as many homeowners are in the mindset of selling.
The benchmark price for detached homes was $1,046,000 and the market has not changed drastically over the last month. Homes continue to be listed and sold at a slightly faster pace than the previous month, lasting an average of 23 days on the market before being sold.
The market for townhomes in New Westminster continues to move at a fast pace. The limited inventory of 15 active listings means that listings to sell within 8 days of being listed! If you’re looking to get into the townhome market, let us know so that we can send you alerts as soon as a new property becomes available!
The majority of detached properties in New Westminster fall in the $900k to $1,500k range. Listings and sales are spread out throughout the entire city and do not have any tendency to concentrate in any specific neighbourhood.
Most condos in New Westminster fall within the $400k to $900k range, with a good number of lower priced ones available as well. Higher priced condos tend to be listed in the Fraserview NW region, while other hot locations include Downtown NW, Quay, and Uptown NW.
Townhomes in New Westminster also fall within the $400k to $900k range. Key neighbourhoods with townhomes for sale are Fraserview NW, Queensborough, and GlenBrooke North.
Despite the recent market craze, detached homes in New Westminster have dropped back to a balanced market. Prices of condos and townhomes are slowly falling and the sales-to-active ratios are falling back towards the buyer’s favour, but remain in a seller’s market.
Here are some properties for sale in New Westminster.
Thinking of buying or selling? Get in touch – we can help!
Demand for homes in Maple Ridge is at a record high! The drastic changes to the housing market in the Greater Vancouver area have rippled out east, and the numbers definitely show it.
Here are the latest market stats from REBGV.
The benchmark price of detached homes has remained relatively stable over the last month which was $714,600 in October. The market is speeding up with increased sales and new listings popping up. This offers lots of options for homebuyers looking to get in for showings, and also indicates a healthy and active market.
The majority of property listings for detached homes in Maple Ridge fall within the $400k-$900k range. The market for higher priced houses is slower but with plenty of inventory available. The neighbourhood of Albion has the highest number of sales, while West Central has the highest quantity of listings.
Townhomes in Maple Ridge are selling quickly and steadily increasing in price. The benchmark price in October for a Maple Ridge townhouse was $405,000. On average, homes are selling within 18 days of going on the market. This is not outrageously quick, but a good pace. If you’re looking to buy in the market, you will need to keep on your toes to keep up with this pace!
The majority of property listings for townhouses in Maple Ridge fall within the $400k-$900k range. The majority of sales and new listing activity for townhomes is in the Cottonwood MR and East Central neighbourhoods. The Albion neighbourhood has seen a number of active listings with fewer sales.
Condos and apartments in Maple Ridge have remained relatively steady in price. Condos are selling slower than they were back in September. The benchmark price for a condo in Maple Ridge was $205,500 in October.
The majority of the Maple Ridge condos fall between the $200k to $400k range, and are located in the East Central neighbourhood. Higher priced condos tend to sell within the week they are listed, whereas lower priced condos will sell but sit on the market for longer periods of time. This is a great opportunity for first time buyers to get into the market and browse available inventory without feeling pressured.
The above diagram shows that despite the recent spikes in the housing market over the last year, the Maple Ridge housing market has begun to stabilize and is falling back towards the buyer’s favour. Maple Ridge is a great neighbourhood to move into and the real estate market is healthy.
Thinking of buying or selling? Get in touch – we can help!
It’s an ideal time to buy a home in the City of Pitt Meadows! The housing market is shifting in favour of buyers. More homes are being listed, offering more options and less pressure on buyers. This beautiful city continues to expand and develop in terms of both community and economy. The addition of the Evergreen Extension to our existing skytrain routes on December 1st also means that staying connected will be easier than ever.
Here’s the scoop on REBGV’s market update.
The benchmark price of detached homes has remained relatively stable over the last month, from $793,200 in September to $792,500 in October. Home sales are slowing and properties are remaining on the market for longer periods of time, giving more opportunity to get in and see the homes you would like.
The majority of property listings for detached homes in Pitt Meadows fall within the $400k-$900k range, with the number of active listings exceeding the monthly sales. South Meadows and Central Meadows feature the highest activity, with Mid and West meadows following closely behind.
Much like the detached home market, townhomes in Pitt Meadows have remained stable in price over the last month. The benchmark price for October is $474,400. Townhomes are popular and selling quickly, with 8 sales and just 12 active listings! On average, a townhome will sell in less than two weeks after being listed – this is a drastic change from the 37 day average from last year.
The majority of property listings for townhouses in Pitt Meadows fall within the $400k-$900k range, with the number of active listings exceeding the monthly sales. South Meadows and Central Meadows feature the highest activity, with Mid Meadows following closely behind.
Condos and apartments in Pitt Meadows have also remained relatively steady in price. The market is active with 30 active listings and 11 new sales throughout the month of October, and the benchmark price was $305,900. It’s a good market to get into – with homes selling within 2 weeks on average, the pace is fast and you should make sure you are prepared to buy!
The majority of the Pitt Meadows condos fall between the $200k to $400k range, and are located in the Mid Meadows neighbourhood. Higher priced condos tend to sell within the week they are listed. Interested in receiving automated alerts as soon as something new crops up? Let us know!
As you can see from the above diagram, the housing market in Pitt Meadows is beginning to stabilize at the new prices after the exhausting housing market we have been experiencing over the last year. Below are some homes available in Pitt Meadows.
Thinking of buying or selling? Get in touch – we can help!