Resales activity for single family homes in Port Coquitlam is down since the summer of 2012. This submarket typically averages about 35 resales per month, though since June, sales have been down below 30 per month, and November will likely finish even slower.

So far, price levels in Port Coquitlam have not been heavily impacted by the slowdown in sales. As of October 2012, the benchmark price index was up 2.4% from October 2011, though down slightly from June 2012.

Source: REBGV stats.

As of November 2012, there were 144 active listings for single family homes in Port Coquitlam. The average asking price of these listings is $612,627. Only 8 houses have asking prices over $1 Million.

Other facts:

• Average year built: 1983
• Average size: 2,250 SF

Courtesy The Globe & Mail

North Shore Outlook – Design plans for the 1300-block of Marine Drive in West Van unveiled.

West Vancouver residents packed into district council chambers on Nov. 19 to have their say on whether a pair of buildings — one seven storeys, the other eight storeys — should be added to the 1300-block of Marine Drive.

Around 20 people, mostly seniors who live nearby, added their names to the list of speakers as overflow seating and a live-feed were set up outside the meeting room.

Many were upset about a proposed development that would take up an entire block on the south side of Marine Drive, close to the waterfront, saying the buildings would block their view, ruin the feel of the Ambleside community and cause too much traffic.

Read more: http://www.northshoreoutlook.com/news/180520711.html

Casino still eyed for west of B.C. Place.

North Shore Outlook – Four futures for Ridgeway Annex.

Nearly 100 North Vancouver residents and seven school board trustees gathered in the gymnasium of the once vibrant, now vacant, Ridgeway Annex school Tuesday to hear four possible futures for the former school property now up for grabs.

The lease and purchase proposals were made by representatives from three interested property development companies (Anthem, Darwin Construction and Atti Group)  and one local childcare business.

But when all the cards were down, Ridgeway’s four possible futures could be grouped into just two options. One, the building is saved and renovated for use as daytime daycare and nighttime community centre. Or two, it’s bulldozed and new housing is built atop the Ridgeway property at 450 East Fifth St.

Read more: http://www.northshoreoutlook.com/news/180377141.html