Housing Market Update Video for December, 2024

Top Coquitlam Realtor Market Update 2025 Port Moody Krista Lapp

This is your Greater Vancouver Real Estate market update for sales in December 2024, by Krista Lapp, the #1 Selling REALTOR® from 2022 to 2024 for both Coquitlam and the Tri Cities (Coquitlam, Port Moody, and Port Coquitlam) based on the total number of combined sales of resale properties on MLS®.

After a challenging year for sellers, the real estate market is showing signs of renewed vitality. Buyer momentum, which began picking up in November, carried through to December until the holiday season arrived. Sales data for the year highlighted an increased strength to finish off 2024.

Cities included in Greater Vancouver are: Coquitlam, Port Moody, Port Coquitlam, New Westminster, Burnaby, Pitt Meadows, and Maple Ridge.

Detached Homes

For detached homes throughout Greater Vancouver, it took on average 35 days to sell. This is up 6 days from the previous month.

Attached Homes

For attached properties, which includes condos, townhomes, and duplexes, it took 28 days to sell. This is up 10 days from the previous month.

Video

With the holiday season behind us, we’re seeing a noticeable uptick in showings at our listings and increased buyer activity across the board. The 2025 market appears to be shaping up to be considerably more active than what we experienced in 2024.

In December we also saw inventory come off the market with many sellers having plans to bring back their listings in early 2025.

The next interest rate announcement from the Bank of Canada is on January 29, 2025.

If you would like to know how to navigate this market, whether you are buying or selling, please feel free to reach out to me directly.

*Source: SnapStats and GVR MLS®.

Krista Lapp Personal Real Estate Corporation
Lapp Real Estate Group

(604) 725-2494
Royal LePage Elite West, Coquitlam, B.C.
Click HERE to view over 500 sold properties on REW.ca

 

About Krista

Krista Lapp PREC*  is a Licensed REALTOR® based in Coquitlam and living in Burke Mountain.

Krista is the #1 Selling REALTOR® for both Coquitlam and the Tri Cities (Coquitlam, Port Moody, and Port Coquitlam) based on the number of total combined sales on MLS® from 2022 to 2024. (Excluding Sales by Developer Reps)

Creating valuable relationships and happy clients has always been at the heart of Krista’s beliefs. With over 25 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.

With over 320 sales total from 2021-2023, Krista qualified as a President’s Medallion Club Member in 2021, 2022 and 2023 which recognizes the Top 1% of Real Estate Agents for sales out of over 14,000 in Greater Vancouver. In 2022 and 2023, her team was #1 in ALL of Canada for dollar volume of sales with Keller Williams for Team Category, with combined closed Sales Volume for the 2 years of over $244,000,000, and 239 closed sales.

Krista has been rated the #1 Coquitlam Real Estate Agent from 2019 to 2024, #1 Port Coquitlam Real Estate Agent from 2022 to 2024, #1 Port Moody Real Estate Agent in 2023, as well as in the Top 100 Real Estate Agents in Canada in 2021 to 2024.

Krista provides Real Estate services in Coquitlam, Port Coquitlam, Port Moody, Pitt Meadows, Maple Ridge, Langley & the Greater Vancouver area.