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The Coquitlam real estate market showed mixed activity across property types. Detached homes and townhomes saw increased sales compared to last year, while the condo market experienced slower sales and higher inventory. Prices across all segments softened year over year, creating opportunities for buyers while still offering strategic opportunities for sellers.
Below is a simple breakdown of what is happening in detached homes, townhomes, and condos and what it means if you are planning to buy, sell, or invest in Coquitlam.
Detached Homes
- Sales: 53
- Active listings: 408
- Benchmark price: $1,610,900
- Average days on market: 37 days
- Year-over-year price change: -10.6%
Townhomes
- Sales: 34
- Active listings: 147
- Benchmark price: $998,400
- Average days on market: 40 days
- Year-over-year price change: -7.3%
Condos
- Sales: 70
- Active listings: 532
- Benchmark price: $671,000
- Average days on market: 30 days
- Year-over-year price change: -7.6%
Sales-to-Active Ratio
| Property Type | Sales-to-Active Ratio | Market Type |
|---|---|---|
| Townhomes | 23.1% | Seller’s Market |
| Condos | 13.2% | Balanced Market |
| Detached | 13.0% | Balanced Market |
Townhomes are currently the most competitive segment, while detached homes and condos are sitting in a more balanced market where buyers and sellers have similar leverage.
Month-over-Month & Year-over-Year Trends
Detached Homes
- Sales jumped from 24 in January to 53 in February.
- Benchmark prices slipped slightly from $1,647,800 to $1,610,900 month-to-month.
Condos
- Sales increased from 45 in January to 70 in February.
- Prices ticked up slightly month-to-month from $668,800 to $671,000.
Townhomes
- Sales doubled from 17 in January to 34 in February.
- Benchmark prices rose modestly from $982,500 to $998,400.
Overall, February showed a seasonal increase in activity, which is common as the spring market begins to build momentum.
Neighbourhood Highlights
Several Coquitlam neighbourhoods saw strong activity or notable price changes.
Detached Homes
- Burke Mountain: Benchmark price $1,947,300.
- Central Coquitlam: Benchmark $1,648,700.
- Westwood Plateau: Benchmark $1,623,300, though down 19.8% year-over-year.
Condos
- Coquitlam West: Benchmark $710,200, one of the most active condo areas.
- North Coquitlam: Benchmark $651,900 with significant inventory.
Townhomes
- Burke Mountain: Benchmark $1,040,200.
- Westwood Plateau: Benchmark $1,104,800.
The long-term chart in the report shows that despite short-term fluctuations, Coquitlam home values have increased substantially over the past two decades, reflecting the region’s continued growth and demand.
What this means for you
- Inventory is improving, especially in condos.
- Prices have softened compared to last year.
- This creates opportunities for buyers to negotiate and secure better value.
If you’ve been waiting for more options or less competition, this could be a good time to start exploring.
- The market is still active, particularly in townhomes.
- Homes that are priced well and properly prepared are still attracting buyers.
- Strategy matters more than ever, pricing and marketing can make a significant difference in how quickly a home sells.
With benchmark prices adjusting and rental demand remaining strong across Metro Vancouver, Coquitlam condos in particular may present long-term investment opportunities.
Transit-oriented areas like Coquitlam West and North Coquitlam continue to attract strong interest due to SkyTrain access and ongoing development.
Thinking About Buying or Selling in Coquitlam?
Real estate decisions are easier when you have the right information and strategy.
If you’re curious about:
- What your home could sell for in today’s market
- Whether now is the right time to buy
- Investment opportunities in Coquitlam
Let’s connect.
I’d be happy to provide a personalized home evaluation or a quick consultation to discuss your goals and the current market.
Contact details
Sayed Najibi
Personal Real Estate Corporation
Phone: 604-649-6520
Website: www.sngroup.ca