This is your Greater Vancouver Real Estate market update for sales in January 2025, 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®.
We experienced our busiest January to date for sales, with the condo and townhome market selling strong! Buyer activity surged in the two weeks following the holidays. Momentum tapered off towards the end of the month with the news of tariffs, but over the past week it has been picking up again with busy open houses and multiple offers on some properties.
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 57 days to sell. This is up 22 days from the previous month.
Attached Homes
For attached properties, which includes condos, townhomes, and duplexes, it took 29 days to sell. This is up 1 day from the previous month.
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Inventory that came off the market in late 2024 is starting to come back along with brand new listings. Home sellers are off to an active start this year.
The news of the possible tariffs, and whether this will impact the housing market, will depend on if and when the tariffs take effect, how long they last, and how Canada responds.
The next interest rate announcement from the Bank of Canada is on March 12th, 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 some of over 570 sold properties on REW.ca
About Krista:
Krista Lapp is an accomplished REALTOR® based in Coquitlam and living in Burke Mountain. With over 25 years of sales experience, and a Real Estate career that began in 2016, Krista has built a reputation for delivering outstanding results and exceptional service. She is passionate about creating lasting relationships and ensuring her clients achieve their real estate goals with confidence and success.
Key Accomplishments:
• #1 Selling REALTOR® in Coquitlam and the Tri-Cities from 2022-2024. (Coquitlam, Port Moody, Port Coquitlam.) Based on total combined MLS® sales from 2022-2024 for resale properties.
• President’s Medallion Club Member. Top 1% of Real Estate Agents in Greater Vancouver for sales for 4 consecutive years. (2021, 2022 for Individual category. 2023, 2024 for Team Category.)
• Top 1% Royal LePage® National Chairman’s Club™. Units Sold and GCI in 2024, out of a network of over 20,000 agents across Canada.
• #1 Real Estate Team in Canada for Keller Williams in 2022 and 2023. $244 million in combined sales volume and 239 closed transactions during that time.
• Over 430 sales from 2021-2024, demonstrating a consistent track record of success and market expertise.
• Rated the #1 REALTOR® in Coquitlam 2019-2024. #1 Port Coquitlam REALTOR® 2022-2024. #1 Port Moody REALTOR® 2023. (On Rate My Agent.com)
• Ranked in the Top 100 Real Estate Agents in Canada from 2021-2024 on Rate My Agent.
How Krista’s Success Benefits Her Clients:
• Proven Results: With 575+ closed sales, over half a billion is sales volume, and consistently being ranked #1, Krista’s expertise translates into fast, efficient, and profitable outcomes for her clients.
• Unmatched Negotiation Skills: Krista’s extensive experience ensures that clients get the best value whether buying or selling, navigating complex negotiations with ease and professionalism.
• Local Market Knowledge: As a longtime resident of Coquitlam and an expert in the Tri-Cities area, Krista provides clients with deep insights into local market trends and neighbourhood values.
• Exceptional Client Care: Her 25+ years of sales experience combined with a passion for customer service ensures that every transaction is handled with the highest level of care, from start to finish.
• Comprehensive Network: Krista’s success has led to a robust network of industry professionals, ensuring her clients receive access to trusted resources like lenders, lawyers, inspectors, and contractors, providing a seamless experience.
Krista is proud to serve clients in Coquitlam, Port Coquitlam, Port Moody, Pitt Meadows, Maple Ridge, Langley, and the Greater Vancouver area.