Buyers Lining Up At 6am For A Launch? Yes, It Can Still Happen

In a surprising turn amid a sluggish housing market, eager homebuyers lined up as early as 5:45 a.m. for the launch of Polygon Homes' Ridgewood townhomes in Coquitlam's Burke Mountain. Despite broader market challenges, the first release of 32 homes saw 30 units sold by the end of the weekend, signaling a strong demand for well-priced, quality housing.

Polygon Homes President Neil Chrystal noted that the success was due to offering homes at fair prices, with three-bedroom units starting at $1.1 million and four-bedroom units around $1.4 million. The development attracted both first-time buyers and those looking to move up from smaller residences, drawn by the value and quality offered.

Ridgewood's appeal is further enhanced by its location and design. The 101-townhome community features Contemporary Farmhouse-style architecture, with homes ranging from 1,430 to 2,365 square feet. Each unit includes a side-by-side garage equipped with a Level 2 EV charging outlet, catering to modern needs.

Situated on the south-facing slope of Burke Mountain, Ridgewood offers residents abundant natural light and scenic views of the Fraser Valley. The community is within walking distance of the upcoming Burke Mountain Village, which will feature over 120,000 square feet of urban amenities, including a community center, public plaza, and various retail and commercial services.

The rapid sales at Ridgewood contrast with the broader Metro Vancouver market, where home sales have slowed. Chrystal believes that buyers are beginning to act despite economic uncertainties, recognizing the long-term value in purchasing quality homes. He anticipates that more buyers will enter the market in the coming months as confidence grows.

Polygon Homes, with over 45 years of experience and more than 33,000 homes built in the Greater Vancouver Area, continues to demonstrate resilience and adaptability. The success of Ridgewood underscores the company's commitment to providing quality homes that meet the evolving needs of buyers, even in challenging market conditions.