NEW PRICE: 411 Mundy St., Coquitlam, Central Coquitlam

New Price $1,399,800

Central Coquitlam

4 Bedrooms on Top Floor

Immaculate custom-built home on level lot with private yard, located in desirable Central Coquitlam with highly sought 4 bed on top floor layout. Welcome home! This 7bed/4bath/3489sqft/2lvl/22year young home features: grand entrance w/semi-spiral staircase, formal living & dining rooms, large kitchen w/plenty of cupboard & counter space, island, eating area, new SS apps & direct patio/yard access; perfect for entertaining. Family room w/cozy gas F/P, bedroom, 2pc powder, laundry & access to oversized dble car garage complete the main level. Up offers huge master w/5pc ensuite, walk-in closet & den & 3 excellent sized rooms & main bath. Bonus: bright, above ground 2bed in-law suite. Close to: transit, schools, shopping, rec. Mundy Park & more. Act Now! 

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Just Listed: 305 8080 Jones Rd., Richmond, Brighouse South

South West Facing

2 bed, 2 bath, 909sqft

Priced at $489,000

Bright and Spacious, are just two ways to describe this South West facing home. Welcome to this 2 bed, 2 bath, 909sqft home located in popular Victoria Park of Brighouse South in Richmond. Features: open & functional floor plan, excellent room separation with bedrooms on opposite sides of the unit, spacious kitchen with eating area, large living space with cozy gas fireplace, laundry closet with extra storage & excellent sized cover balcony perfect for year round BBQs. The spacious master has 4pc ensuite & walk-in closet and the 2nd bed is well sized. Bonus: parking and locker. Close to transit, schools, parks, restaurants, shopping and more. Act Now! Call for viewing details.

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The British Columbia Real Estate Association (BCREA) reports that a total of 6,717 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) in March 2020, an increase of 17.2 per cent from March 2019. The average MLS® residential price in BC was $789,548, a 15.1 per cent increase from $685,892 recorded the previous year. Total sales dollar volume in March was $5.3 billion, a 35 per cent increase over 2019.

“Provincial housing markets started the month very strong before the COVID-19 pandemic put a halt to activity,” said BCREA Chief Economist Brendon Ogmundson. “Activity will slow considerably in April as households and the real estate sector implement measures necessary to mitigate the spread of this virus.”

“While we don’t know when this unprecedented period will end, markets will be boosted by pentup demand and historically low interest rates when it does,” added Ogmundson. “The ultimate strength of the recovery will depend on how long the economy remains effectively shut down, as well as the efficacy of federal and provincial measures to bridge households through the financial difficulties brought on by the pandemic.”

Year-to-date, BC residential sales dollar volume was up 37.1 per cent to $12.9 billion, compared with the same period in 2019. Residential unit sales increased 21.7 per cent to 16,866 units, while the average MLS® residential price was up 12.6 per cent to $763,031.

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Provided by: BCREA


Just Listed: 304 2959 Silver Springs, Coquitlam, Westwood Plateau

Private, Green Space Facing

Renovated Throughout

Priced at $584,800

Bright and Spacious. Welcome home to this stunning, green space facing, extensively renovated, corner home in Silver Springs of Coquitlam. Your search is over! Features: 2bed+den/2bath/1046sqft open plan home w/excellent room separation, engineered hw floors, crown moldings, stone F/P & custom mantel, lrg kitchen w/updated apps, quartz counters, tile back splash, eating area & access to covered balcony. The master has 5pc spa inspired ensuite w/quartz counters, soaker & shower both w/newer tile surround & walk-in closet. The 2nd bed is bright & well sized. Bonus 2 parking & locker. Location to beat: walk to Sky train, Douglas College, all lvls of schools, community center, shopping, parks & more. Enjoy the Cascade Club w/fitness room, outdoor pool, hot tub & more. Call for viewing details.

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Just Listed: 840 Levis St, Coquitlam, Harbour Place

Fully Renovated

Harbour Place

1 Bed Suite

Priced at $1,248,800

Beautifully updated family home, located in Harbour Place, one of Coquitlam's most sought-after neighborhoods. Renovated in and out from top to bottom, nothing to do but move right in. Your search ends here! This 5bed/3bath/2442sqft home sits on a flat West facing 7260sqft lot. Features: recently painted Hardi & stucco exterior, vinyl windows, approx. 12yr young roof, updated drain tile, concrete driveway & sidewalks, two sheds, fully covered patio & more. Up offers 3 well sized rooms, updated kitchen w/SS apps, refinished oak floors, 4pc bath & plenty of storage. Down: all for upstairs living, bedroom, mud room, laundry area & cold room; perfect wine cellar. Bonus: self-contained partially above ground 1 bed suite w/laundry. Act Now! Call for viewing details.

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Just Listed: 1802 235 Guildford Way, Port Moody, North Shore Port Moody

Gorgeous Views

Functional Layout

Priced at $674,800

Stunning, Endless 180-degree Mountain, Water and City Light views. Soaring 18 stories high in popular Sinclair building located in New Port Village of Port Moody is where you will find your new home! This bright & spacious 2bed/2bath/961sqft home will not disappoint. Features: engineered floors, newer bedroom carpets, fresh paint, functional kitchen w/plenty of cupboard & counter space & SS apps & fully covered balcony for year-round BBQs. The large master offers two spacious closets & 3 pc ensuite, while the 2nd bed is well sized w/views of its own. A location to beat; shops, recreation, parks, amenities, steps to New Port Village, a stroll to Sutter Brooke, a short walk to Skytrain, doesn't get any better. Bonus 2 parking stalls & locker. Act Now. Call for viewing details

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Home buyers and sellers adjust their activities in March amid challenging circumstances

Metro Vancouver’s* housing market saw steady home buyer demand to begin March and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,524 in March 2020, a 46.1 per cent increase from the 1,727 sales recorded in March 2019, and a 17.4 per cent increase from the 2,150 homes sold in February 2020.

Last month’s sales were 19.9 per cent below the 10-year March sales average.

“The first two weeks of the month were the busiest days of the year for our region with heightened demand and multiple offers becoming more common,” Ashley Smith, REBGV president said, “Like other aspects of our lives, this changed as concerns over the COVID-19 situation in our province grew.”

Daily residential sales on the region’s MLS® were 138 on average in the first ten business days of the month. In the final ten business days of the month, the daily average declined to 93 sales.

“Many of the sales recorded in March were in process before the provincial government declared a state of emergency. We’ll need more time to pass to fully understand the impact that the pandemic is having on the housing market,” Smith said.

“In recent weeks, REALTORS® have been working to help and guide their clients through this uncertain period. Many people have understandably chosen to put their home buying or selling plans on hold for now. Other people have more urgent housing needs and we’re trying to work with them to address these needs in the safest and most responsible way possible.”

There were 4,436 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2020. This represents a 10.4 per cent decrease compared to the 4,949 homes listed in March 2019 and a 10.8 per cent increase compared to February 2020 when 4,002 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,606, a 24.8 per cent decrease compared to March 2019 (12,774) and a 4.5 per cent increase compared to February 2020 (9,195).

“Realtors were named among the province’s list of essential services last week,” Smith said. “This means that we have a responsibility to do what we can to help residents meet their housing and shelter needs while strictly following the most up-to-date public health orders and physical distancing requirements from our health officials and government agencies.”

For all property types, the sales-to-active listings ratio for March 2020 is 26.3 per cent. By property type, the ratio is 21.1 per cent for detached homes, 33 per cent for townhomes, and 28.9 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,033,700. This represents a 2.1 per cent increase over March 2019, and a 1.3 per cent increase compared to February 2020.

Sales of detached homes in March 2020 reached 852, a 61.1 per cent increase from the 529 detached sales recorded in March 2019. The benchmark price for detached properties is $1,450,700. This represents a 0.7 per cent increase from March 2019, and a 1.2 per cent increase compared to February 2020.

Sales of apartment homes reached 1,179 in March 2020, a 35.1 per cent increase compared to the 873 sales in March 2019. The benchmark price of an apartment property is $687,000. This represents a 2.9 per cent increase from March 2019, and a 1.4 per cent increase compared to February 2020.

Attached home sales in March 2020 totalled 493, a 51.7 per cent increase compared to the 325 sales in March 2019. The benchmark price of an attached unit is $791,800. This represents a 2.5 per cent increase from March 2019, and a 0.9 per cent increase compared to February 2020.

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Provided by: REBGV

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.