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Port Coquitlam home gets 17 offers, sells for $107,000 over asking

Port Coquitlam home gets 17 offers, sells for $107,000 over asking

By SARAH PAYNE
April 21, 2015 · Updated 12:48 PM
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This home on Wellington Street in Port Coquitlam sold on Sunday after receiving 17 offers. It sold for $107,000 over the asking price of $595,000. / MLS PHOTO

Realtor Scott Leaf knew his client's home would be a hot commodity in an already smoking real estate market but what happened at 4086 Wellington St. on Sunday has left him stunned.

The Port Coquitlam home boasts four bedrooms and three bathrooms in just over 2,100 square feet, with an updated kitchen and an expansive backyard. It has been well cared for over the years but, truthfully, isn't particularly exceptional, he said.

"It's a nice B.C. box just like the one I grew up in," said Leaf, of Keller Williams Elite Realty.

Nevertheless, more than 150 prospective buyers toured the home during open houses on Saturday and Sunday — so many that at one point, Leaf had to do crowd control and ask people to check out the backyard before coming inside.

But even before the open houses — just a few days after it was listed on April 14 — Leaf told his clients to brace themselves and be ready for their home to sell.

It sold. Boy, did it sell.

On Sunday evening, 17 buyers lined up outside the home to submit their offers.

By the end of the night, the home, listed for $595,000 (and most recently assessed at $559,000), sold for $702,000.

"I knew it was going to be busy but I had no idea it was going to be that busy," Leaf said. "Even with the [Canucks playoff] hockey game, we had 17 people standing outside."

He knew the house would be a big draw, given its proximity to Irvine elementary, a French immersion school, the large, private backyard and, most importantly, the price.

"There's so little available and so many people looking," he said, noting the bulk of available housing tends to be further up on Burke Mountain, where homes are priced above $800,000, or in the condo market, while detached homes in the $600,000 range are hard to come by.

So keen were the hopeful buyers that most of the offers were subject-free, cash bids.

The homeowners, a couple that is downsizing, are in a state of "stunned disbelief," Leaf said, with "big smiles."

spayne@tricitynews.com

@spayneTC

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