Heritage Woods PM, Port Moody Market Report – May 2022

Q: How many homes sold in Heritage Woods PM, Port Moody in May 2022?

6 properties sold in Heritage Woods PM, Port Moody during May 2022 based on MLS® records. There were 71 active listings at the start of the month. A total of 22 new listings came to market during the month.

Q: What is the average home price in Heritage Woods PM, Port Moody?

The average sold price in Heritage Woods PM, Port Moody in May 2022 was $1,780,833. Sold prices ranged from $1,049,000 to $2,680,000. Data is sourced from MLS® board records.

Q: How long are homes sitting on the market in Heritage Woods PM, Port Moody?

In May 2022, properties in Heritage Woods PM, Port Moody averaged 9 days on the market before selling. With an absorption rate of 8.5%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

Q: How has the Heritage Woods PM, Port Moody market changed compared to last year?

The average sold price in Heritage Woods PM, Port Moody in May 2022 was $1,780,833, up 41.6% year-over-year compared to May 2021 ($1,257,700). Sales volume was down 62.5% compared to the same month last year. Data is sourced from MLS® sold records.

Heritage Woods PM is an active real estate market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Heritage Woods PM based on MLS® data.

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Units Sold

$1,780,833

Avg Sold Price

Avg Days on Market

Buyer's Market

Market Condition

71 active at start of month 22 new listings Absorption rate: 8.5% Highest sold: $2,680,000 Lowest sold: $1,049,000

How Does May 2022 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
May 2022 (this report)	6	$1,780,833	9d
April 2022 month prior	10 -40%	$1,385,850 +28.5%	14d -35.7%
May 2021 year ago	16 -62.5%	$1,257,700 +41.6%	—

3-Year Price Trend — Heritage Woods PM, Port Moody

The Heritage Woods PM, Port Moody real estate market was a Buyer's Market in May 2022, with 71 active listings at the start of the month, 6 properties sold, an average sold price of $1,780,833, properties averaging 9 days on market, an absorption rate of 8.5%. All data is sourced from MLS® sold records.

Recently Sold in Heritage Woods PM, Port Moody

3 bd • 2 ba • Townhouse

109 Forest Park Way

Sold $1,339,000

3 bd • 3 ba • Townhouse

2000 Panorama Drive

Sold $1,038,000

3 bd • 2 ba • Townhouse

Active Listings in Heritage Woods PM, Port Moody

51 Fernway Drive

$1,475,000

3 bd • 3 ba • Townhouse

Prepared by

Hani Faraj

RE/MAX Crest • 604-229-3342
Your Heritage Woods PM, Port Moody specialist

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Related: Heritage Woods PM, Port Moody Archive → Live Market Stats → Port Moody Reports → All BC Reports →

Frequently Asked Questions — Heritage Woods PM, Port Moody May 2022

Is it a good time to buy in Heritage Woods PM, Port Moody? −

In May 2022, the Heritage Woods PM, Port Moody real estate market is classified as a Buyer's Market with an absorption rate of 8.5%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

How many homes sold in Heritage Woods PM, Port Moody in May 2022? +

What is the average home price in Heritage Woods PM, Port Moody? +

How long are homes sitting on the market in Heritage Woods PM, Port Moody? +

How has the Heritage Woods PM, Port Moody market changed compared to last year? +

Last Update: 06/06/2026 Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.