Winter is typically a slow time for real estate, and with inflation and interest rate hikes, buyers could be forgiven for sitting on the sidelines despite some homes being offered for less than assessed value.
In a survey of homes for sale on REW.ca, home prices currently range from below $400,000 to above $4 million.
Assessment isn't available for homes under construction, but older homes appear to be on the market for less than assessed value of between five to 12 per cent.
That holds with predictions the 2022 assessments sent out this month will be higher than the market, due to a recent cooling since July 1, 2022.
Prices in this comparison (listed below) seems to reflect this change except for one notable exception: a massive $4.19-million home at 1505 Stonecrop Court, in Coquitlam's Westwood Plateau neighbourhood.
That's 23 per cent higher than the 2022 assessment of nearly $3.4 million — and the home boasts an elevator, plus an indoor pool and spa.
Now, those with the means will find a near 9,000 sq-ft. home on a lot of more than 12,000 sq. ft.
But whether you're looking for your first apartment, a townhouse for your growing family and a single family home, there are price points for varying budgets, the survey suggests.
Still, it's important to compare homes and a skilled real estate agent will help you make the right choice.
But for interest's sake, here's what's available for sale in one bedroom condos, three-bedroom and four-bedroom townhouses and single family homes in January, 2023 in Coquitlam.
One-bedroom condos
Least expensive
- Address: 103-918 Roderick Ave., Maillardville
- Price: $379,000
- Assessed value: $400,400 ($21,000 difference or 5% more than listed price)
- Bedrooms: One bed, one bath
- Size: 650 sq. ft.
- Age: 33 years old
- Features
- In-suite laundry
- Open kitchen
- Big balcony
- Air conditioning
- One parking stall
- Freshly painted
- Close to transit
- Pets allowed
Most expensive
- Address: 301-720 Farrow St., Coquitlam West
- Price: $749,900
- Assessed value: Not available
- Bedrooms: One bed, one bath
- Size: 614 sq. ft.
- Age: New construction
- Features
- Chef's kitchen....
- Integrated appliances
- Large under-mount sink
- Built-in pantry and custom cabinetry
- Wide plank flooring
- Heated flooring
- Air conditioning
- Full concierge and access to lifestyle amenities, including....
- Fitness centre
- Work-share and rooftop lounges
- Storage locker
- EV-ready parking included
- Chef's kitchen....
Townhomes
Least expensive
- Address: 143-511 Gatensbury St., Central Coquitlam
- Price: $689,000
- Assessed value: $756,800 ($67,800 difference or about 9% higher than listed price)
- Bedrooms: Three beds, one bath
- Size: 1,572 sq. ft.
- Age: built in 1977, (46 years old)
- Features
- Main floor has living room and dining room with patio
- Close to transportation and schools
Most expensive
Address: 114-3565 Baycrest Ave., Burke Mountain
- Price: $1.568 million
- Assessed value: Not yet available
- Bedrooms: Four beds, four baths
- Size: 2,121 sq. ft.
- Age: New construction
- Features
- Corner home in quiet cul-de-sac with city views
- South-facing back yard
- Double garage
Single-family homes
Least expensive
Address: 1283 River Dr., River Springs
- Price:$1,099,900
- Assessed value: $1,387,000 ($267,100 difference or about 12%)
- Bedrooms: Three beds, three baths (freehold strata)
- Size: 1,525 sq. ft. (4051 sq-ft. lot)
- Age: 39 years old
- Features
- Central location
- Private yard backing onto forest and Coquitlam River
- Access to amenities....
- Outdoor pool
- Tennis courts
Most expensive
Address: 1505 Stonecrop Court, Westwood Plateau
- Price: $4,190,000
- Assessed value: $3,398,000 ($792,000 lower than listed price or about 23%)
- Bedrooms: Six beds, six baths
- Size: 8,854 sq. ft. (12,677 sq-ft. lot)
- Age: 27 years old
- Features
- Chef's kitchen and wok kitchen
- Four beds with en suites on upper floor
- Indoor swimming pool, spa, steam room and sauna
- Media and games rooms
- Elevator to all three levels
- Three-door garage
