The Coquitlam real estate market in July 2024 update presents a mix of stability and opportunity across various property types. Here’s a concise overview of the most important statistics and trends:
Detached Homes: Stable Pricing Amidst Ample Inventory
- Benchmark Price: $1,830,000
- Price Change: -0.7% from June; +1.1% year-over-year
- Sales: 53 homes sold from 166 new listings
Detached homes in Coquitlam show stable pricing, with a slight decrease from last month. The market’s ample inventory provides potential buyers with a good selection, while stable prices reflect balanced conditions.
Attached Homes: Increasing Demand and Value
- Benchmark Price: $1,091,900
- Price Change: +0.7% from June; +5.9% over six months
- Sales: 36 units sold from 95 new listings
The attached homes segment continues to grow, with steady price increases indicating strong demand. This sector remains a good investment opportunity, with consistent value appreciation.
Apartments: Steady Market with Varied Options
- Benchmark Price: $746,900
- Price Change: +0.1% from June; +18.4% over three years
- Sales: 89 units sold from 237 new listings
The apartment market in Coquitlam is characterized by stable prices and a diverse range of available units. The slight price increase and healthy inventory suggest a well-balanced market.
Market Overview
The Coquitlam real estate market in July 2024 remains balanced, with stable prices and a wide array of properties available. The increase in listings across all property types provides ample choice for buyers, while consistent demand supports market stability. As we move forward, keeping an eye on these trends will help buyers, sellers, and investors make informed decisions in this evolving market.
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