Sale of home in Ranch Park, Coquitlam sets new benchmark

COQUITLAM, BC, Jan. 28, 2016 /CNW/ - A property on Fleet St, Coquitlam was listed at $788,800 and recently sold for almost $300,000 above the asking price at $1,080,000.

"The strategy was to take advantage of the current market and combine sharp pricing and 'blanket' promotion to local and international communities," said David Reimers, "and clearly it worked. We had over 120 groups view the property (some via video conference) which resulted in 9 offers. We helped the owners sell for 37% above the asking price."

The price per sq.ft of land for the 11,920sq.ft corner lot equates to almost $91/sq.ft - a new bench-mark for your typical 8000+ sq.ft Ranch Park lot - an area well known for it's larger than normal lot sizes. 

Can we expect more of the same? "Yes. Currently with our limited supply of homes on the market and the Chinese Lunar New Year fast approaching - a time when many wealthy Chinese search for property abroad - right now represents a huge opportunity if you are selling," said Reimers.

David Reimers is an award winning real estate professional with Royal LePage West Real Estate Services. He has been in real estate since 2004 and specializes in the Greater Vancouver real estate market.

SOURCE DAVID REIMERS - Royal LePage West Real Estate Services

Please contact: David Reimers, Real Estate Advisor, Royal LePage West Real Estate Services, 2185 Austin Avenue Coquitlam, BC V3K 3R9, Phone: [phone], [email protected], www.reimers.ca