Looking for your next condo? Whether you are a first-time new home buyer or a seasoned investor, Coquitlam is the right location to buy a new condo. Listings Nearby provides you the most thorough, up-to-date catalogue of new condo developments in Coquitlam BC.
According to MLS® Home Price Index – Real Estate Board of Greater Vancouver (September 2020), the benchmark price of condos in Coquitlam BC is $531,700. This price has increased by 78.1% within the last 5 years.
Move-In Ready Condos
All New Construction Condos in Coquitlam BC
New Condo Developments in Coquitlam BC
New Construction Condos in Coquitlam BC
Real estate experts are quite surprised by the recent demand for new construction condos in Coquitlam. Condominiums in Coquitlam are very diverse in build, location and size which makes it a balanced market. The selection of two to three-bedroom condos on average is very appealing to most.
The demand for new construction Condos in Coquitlam is increasing every year because of the influx of new immigrants and residents moving in from cities like Vancouver and Burnaby.
Keeping in mind all income level homebuyers, the real estate developers are focusing on building entry level condos aimed towards first time buyers to ultra luxury dwellings and penthouses for high income stream.
New Condo Development Projects in Coquitlam
Coquitlam West is very hot neighbourhood in new condo development projects. Out of about total 20 new condo development projects in Coquitlam, over 80% condo projects are in this neighbourhood. Burquitlam is the hottest community in Coquitlam West.
Most of the new condominium projects are in progress by some local real estate builders & developers. They are mostly mid-rise to high-rise buildings. Some of these names include 379 units Wynwood Green condos by Anthem, 482 units Smith & Farrow condos by Boffo Developments Ltd, 198 units Meridian condos by Townline, 264 units Hensley condos by Cressey, 295 units Highpoint condos by Ledingham McAllister, and 364 units 567 Clarke + Como condos by Marcon.
Apart from quality construction to well laid out interior plans, all the developers are providing additional elegant features in their development projects to attract the new home buyers, and thus expediting their sale. These additional features may include amenities like swimming pool, clubhouse, children’s play area, rooftop patio, multimedia room, theatre, hot tub, and social lounge.
Presale Condos in Coquitlam
Buying a condo in its pre-sale phase is the hottest trend and the best investment. You own a new condo at its lowest starting price, thus gain maximum appreciation in the price over a period.
During the presale period which lasts only for a few days, some big developers offer a huge discount in the price, others offer some other mouthwatering deals. Many builders have reported pre-selling almost 70% to 80% of their inventory during the presale period. This applies to both entry level condos and luxury penthouses. A serious buyer or an investor must grab this opportunity as soon as you can before it is over.
Preconstruction Condos in Coquitlam
If you are not in a hurry to move-in, it is very wise decision to invest in new condo projects which are in preconstruction phase of their development. It is beneficial both for seasoned investors and new home buyers. You get enough time to make the full payment to the developer and thus defer your mortgage to start. Since the sale prices have been consistently growing in Coquitlam in the last few years, it is a very viable market for investors and home buyers to invest in the preconstruction phase.
If the preconstruction condo is in a gated community, that increases the property value substantially over a period. It is always a plus for the average home buyer or the investor giving these properties a high appreciation rate.
Coquitlam Condos Real Estate Market Stats
Listings Nearby provides you Coquitlam housing market stats in condos, and how it has changed over the year. This will help you further in your research.
According to MLS® Summary – Real Estate Board of Greater Vancouver (September 2020):
- The sale of condos/apartments in September 2020 was 109 which was 2.9% more than 106 sales in August 2020. The median price in September 2020 was $535,000.
If you’re looking to buy a new condo in the Coquitlam, contact us and we will connect you to the right person who can provide you the detailed information on the new condo development(s) you’re interested in and help you in deciding & buying your dream home.