117 145 Kind Edward Street Coquitlam

Sold! 117 145 King Edward Street Coquitlam

Sold! Congratulations to my clients on the purchase of this 2 bedroom Coquitlam home!

Nestled quietly at the back of Mill Creek Estates overlooking the community park, this home has all the extras & more. Over 1200 sq ft home with BONUS: 27 x 12 ft covered deck, expansive attached workshop at the back of the home-great for the handi-man, crafts or storage plus separate detached/wired shed.

Continue reading “Sold! 117 145 King Edward Street Coquitlam”

Burke Mountain Real Estate Market Update

Burke Mountain Coquitlam Real Estate Market Update December 2019

Here is a real estate market update for the community of Burke Mountain, Coquitlam for December 2019.

Over 2019 home buyer demand was quieter in the normally busy spring season but picked up for the second half of the year. For Greater Vancouver which includes Coquitlam, overall 38% of properties sold in December 2019 making it a Sellers Market.

Let’s look at the numbers for Burke Mountain and townhomes. For townhomes in December 2019, 72% of properties sold. There were 18 properties listed and 13 sales.

The average days on the market for a townhome to sell was 15 days. The median price being $964,900.

These numbers do not include sales that were done directly through new developments where the properties were not listed on MLS.

For detached homes in December 2019, 37% of properties sold. There were 30 properties listed and 11 sales.

The average days on the market for a detached home to sell was 6. The median price being $1,700,620.

Again, these numbers do not include sales that were done directly through new developments where the properties were not listed on MLS.

There was less inventory on the market in Coquitlam for December 2019 – a 40% decrease for townhomes and 30% decrease for detached homes. Sales were up 24% for townhomes and down 41% for detached homes compared to November 2019.

If you have specific questions about this update or your property and the market and really what this market means to you if you are selling or buying let’s connect.

This is your December 2019 Burke Mountain, Coquitlam real estate update.

Coquitlam Realtor Questions

Do Buyers Pay The Realtors Commission?

If you are looking at purchasing real estate you may have wondered who pays for the Realtors commission.  Is it the Buyer, Seller or Both?

In short, the Seller pays the real estate commission and the Buyer does not pay commission.

The commission amount for the Realtor representing the Buyer or Buyers Agent is decided between the Seller and the Listing agent. The commission amount is a percentage of the final property sale. A portion of the commission is paid to the Listing Agent and paid to the Buyers Agents Brokerage. The Brokerage then pays the Buyers Agent a commission.

The Buyer will be provided documents that disclosure that a commission is being paid to the Buyers Agent along with the amount of commission. The Buyer will need to sign the commission disclosure document.

========================================================

Krista Lapp is a Licensed Real Estate Agent and Realtor based in Coquitlam. Creating valuable relationships and happy clients has always been at the heart of Krista’s beliefs. With over 20 years of sales experience and being a successful entrepreneur, her level of professionalism, customer service, sales & marketing and integrity always result in exceptional client satisfaction. Krista is qualified for the Medallion Club, recognizing the top 10% of Realtors in Greater Vancouver.

Coquitlam Top Realtor

Coquitlam Realtor in the Top Sales for November 2019

Thank you to my clients for helping me achieve placing the Top 3 for real estate sales for November 2019 for Realtors at my Brokerage Keller Williams Elite Realty.  Based in the Tri-Cites which includes Coquitlam, Port Coquitlam and Port Moody.

I am grateful to be working with amazing people, awesome support team, brokerage and working in a profession that I love.