Market Report

Port Moody

September 2024

Sources: Real Estate Board of Greater Vancouver, Commercial Edge; Canadian Real Estate Association, MLS®; Altus Group; Statistics Canada; Landcor; RealNet.

Disclaimer: Data has been obtained from sources considered to be reliable as of the Report Date. However, no representation or warranty, expressed or implied, is made as to the accuracy of any of the information, projections or conclusions contained herein, and the same is submitted subject to errors and omissions, without any obligation to up date or correct.

Port Moody Houses Townhomes Condos

Summary

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Residential City Market Reports

Neighbourhoods Statistics

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Port Moody Specialists

Olga Tarasenko

B.Ling (BACHELOR OF LINGUISTICS), DIBM

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Anthony Ibhahe PREC*

M.Eng

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Josh Rosenberg

Managing Broker

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Bready Wu

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Brian Oh PREC*

M.Eng

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Chris Di Fazio PREC*

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Port Moody Overview

Sales-to-Active Ratio

Single Family Houses

2%

Buyers Market

Single Family Townhouses

15%

Buyers Market

Single Family Condos

12%

Buyers Market

HPI Benchmark Price (Average Price)

Houses

$1,550,000

3.0%

4.4%

Higher Than Last Month

August 2024

1.9%

-21.8%

Lower Than Last Year

September 2023

Townhomes

$1,028,330

3.0%

-4.2%

Lower Than Last Month

August 2024

1.9%

3.8%

Higher Than Last Year

September 2023

Condominiums

$840,700

3.0%

8.0%

Higher Than Last Month

August 2024

1.9%

12.7%

Higher Than Last Year

September 2023

Market Share

This Month

40%

6.3%

Single Family Houses

35%

31.3%

Single Family Townhouses

25%

62.5%

Single Family Condos

Last Month

40%

8.6%

Single Family Houses

35%

34.3%

Single Family Townhouses

25%

57.1%

Single Family Condos

Last 12 Months

40%

26.8%

Single Family Houses

35%

31.7%

Single Family Townhouses

25%

41.5%

Single Family Condos

Single Family Houses

5 Year Trend

Market Status

Buyers Market

  Port Moody is currently a Buyers Market. This means that less than 12% of listings are sold within 30 days. Buyers may have a slight advantage when negotiating prices.

Buyer's Market

Balanced Market

Seller's Market

2%

Of Single Family
House Listings Sold

IN PAST 30 DAYS

63

Active Single Family
House Listings

IN PAST 30 DAYS

1

Single Family
House Listings Sold

IN PAST 30 DAYS

Summary of Sales Price Change

4%

Higher Than
Last Month

August 2024

-22%

Lower Than
Last Year

September 2023

Summary of Sales Volume Change

-67%

Lower Than
Last Month

August 2024

-91%

Lower Than
Last Year

September 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

Single Family Townhomes

5 Year Trend

Market Status

Buyers Market

  Port Moody is currently a Buyers Market. This means that less than 12% of listings are sold within 30 days. Buyers may have a slight advantage when negotiating prices.

15%

Buyer's Market

Balanced Market

Seller's Market

15%

Of Single Family
Townhouse Listings Sold

IN PAST 30 DAYS

34

Active Single Family
Townhouse Listings

IN PAST 30 DAYS

5

Single Family
Townhouse Listings Sold

IN PAST 30 DAYS

Summary of Sales Price Change

-4%

Lower Than
Last Month

August 2024

4%

Higher Than
Last Year

September 2023

Summary of Sales Volume Change

-58%

Lower Than
Last Month

August 2024

-62%

Lower Than
Last Year

September 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

Single Family Condos

5 Year Trend

Market Status

Buyers Market

  Port Moody is currently a Buyers Market. This means that less than 12% of listings are sold within 30 days. Buyers may have a slight advantage when negotiating prices.

12%

Buyer's Market

Balanced Market

Seller's Market

12%

Of Single Family
Condo Listings Sold

IN PAST 30 DAYS

85

Active Single Family
Condo Listings

IN PAST 30 DAYS

10

Single Family
Condo Listings Sold

IN PAST 30 DAYS

Summary of Sales Price Change

8%

Higher Than
Last Month

August 2024

13%

Higher Than
Last Year

September 2023

Summary of Sales Volume Change

-50%

Lower Than
Last Month

August 2024

-41%

Lower Than
Last Year

September 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

Neighbourhood Statistics

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