Port Moody, BC
Port Moody: A Closer Look
Demographics
Total Population
33,535
Median Household Income
$115,000
Median Age
41.6
Port Moody Living: Is It for Me?
Area overview
Port Moody, nicknamed “City of the Arts,” is a beautiful waterfront city in BC’s Lower Mainland. It’s tucked between Burrard Inlet and the mountains, giving you amazing views and lots of outdoor activities to enjoy.
The city is known for its parks and trails. Rocky Point Park is a local favourite, with a pier, hiking trails, and a popular ice cream shop. You’ll love the Shoreline Trail and Buntzen Lake nearby if you’re into nature. Check out the Port Moody Arts Centre or catch a show at the Inlet Theatre for arts and culture.
Getting around is easy with two SkyTrain stations: Moody Centre and Inlet Centre. Depending on traffic, you can get to downtown Vancouver in about 40 minutes by SkyTrain or 30-45 minutes by car. There’s also the West Coast Express train for commuters.
Port Moody has all the amenities you need, from grocery stores and restaurants to libraries and community centers. It’s got a small-town feel but with easy access to bigger city perks. You’re also close to other major centers like Coquitlam and Burnaby for even more options.
Port Moody is a haven of natural beauty where lush forests, serene waters, and stunning trails await. Experience nature up close!
Avg. Prices (October 2024)
Condo $761,796 | Townhouse: $1,197,300 | Houseย $2,760,143
Detached
$2,178,200
Townhouse
$1,063,100
Condo
$749,700
Neighbourhood Guide
Explore Port Moody's neighbourhoods and find the one that feels like home.
Port Moodyโs Top 5 Neighborhoods
Insider's October 2024 Picks
Find out where homes sell fastest in Port Moody. See how often buyers bid over the asking price and compare average selling prices across neighbourhoods.
Rank | Subarea | % Sold Above List | % Sold Under 10 Days | $ Avg. Sale Price |
---|---|---|---|---|
1 | Heritage Mountain | 25 | 63 | 1700000 |
2 | Glenayre | 0 | 67 | 1700000 |
3 | North Shore PT Moody | 10 | 45 | 1100000 |
4 | Port Moody Centre | 16 | 41 | 896000 |
5 | College Park | 7 | 40 | 886000 |
Port Moody's Prices vs. Time on Market
3-year Retrospective
The data shows how quickly homes sold and their prices changed over the last three years.
Port Moody real estate listings
- Newest MLSยฎ listings (last 7 days)
- Recently sold MLSยฎ listings (last 90 days)
- Property price history
- Local market trends & insights
Listings current as of November 2, 2024
Port Moody Real Estate Market
If you canโt find the answer you need, donโt worry โ ask us! Weโre here and happy to help you out!
What is MLSยฎ HPI benchmark price?
The MLSยฎ HPI Benchmark Prices represent the expected sales price for a typical or โBenchmarkโ home in a given neighbourhood.
The MLSยฎ HPI considers what averages and medians do not: lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or benchmark property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.
What does sales to active listings ratio mean?
The sales-to-active listings ratio measures supply and demand by comparing the total supply of homes for sale to sales during the month.
The terms buyers’ markets, sellers’ markets, and balanced markets describe the state of the real estate market in terms of the pressure it puts on home prices. A buyers’ market occurs when the sales-to-active listings ratio falls below 12%, indicating that more homes are available than buyers are looking for. On the other hand, a sellers’ market occurs when this ratio exceeds 20% for a sustained period, indicating more buyers than homes available. Finally, a balanced market occurs when the ratio falls between these two values, indicating that the market is relatively stable and has a roughly equal number of homes and buyers.
What are the current market trends for condos in Port Moody, BC?
According to the Greater Vancouver Real Estate Board, the average condo price in Port Moody increased 2.2 % from $708,500 in September 2022 to $724,200 in September 2023.
What is the average price range for condos in Port Moody?
As reported by MLS, in October 2023, the 1-bedroom condos in Port Moody were priced in the $585,000 to $739,000 range and $499,000 to $1,299,000 for a 2-bedroom, respectively.
What are the most sought-after neighborhoods for condo living in Port Moody?
Moody Centre offers many amenities and easy access to two Skytrain stations. Sutter Brook and Newport Village are two urban master plan communities within Moody Centre with entertainment, dining, shopping, and recreation facilities. A number of new attached residential developments are being added to the area that enjoy easy access to hiking trails, the oceanfront, biking trails, and nearby schools.
What's the difference between a condo and an apartment?
Condo and apartment are oftentimes interchangeable terms. The only reference may be to condos being privately owned units and apartments typically being referred to as properties owned by management companies and rented out to tenants.
Do you need a lawyer to sell a house in BC?
When you sell your home, you will need to hire a notary or lawyer to represent you in your transaction and facilitate completion.