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If you’re buying, selling, or investing in Coquitlam, staying on top of local market trends is key. October’s real estate stats reveal a market in transition, with more listings, softer prices, and shifting buyer-seller dynamics. Here’s what the numbers mean for you.
Detached Homes
- Sales: 51
- Active Listings: 523
- Benchmark Price: $1,706,000
- Days on Market: 31 days
- One‑Year Price Change: -5.4%
Townhomes
- Sales: 33
- Active Listings: 178
- Benchmark Price: $1,040,800
- Days on Market: 23 days
- One‑Year Price Change: -6.1%
Condos
- Sales: 96
- Active Listings: 582
- Benchmark Price: $690,700
- Days on Market: 36 days
- One‑Year Price Change: +0.7%
Sales-To-Active Listings Ratio
| Property Type | Sales ÷ Active Listings | Market Type Estimate |
|---|---|---|
| Detached | 9.8% | Buyer’s market |
| Townhomes | 18.5% | Balanced market |
| Condos | 16.5% | Balanced market |
- Detached: With the ratio under 10%, buyers have more leverage due to higher inventory and softer demand. Ideal for those looking to negotiate or upgrade.
- Townhomes: Sitting at 18.5%, this category is well within balanced territory. Demand remains strong, especially in family-oriented areas like Burke Mountain.
- Condos: At 16.5%, condos are also in a balanced market, giving both buyers and sellers reasonable ground to work with.
Month-over-Month & Year-over-Year Trends
Compared to September 2025:
- Prices softened slightly across most segments.
- Detached homes dipped from $1.72M to $1.706M.
- Condo prices edged down from $691,600 to $690,700.
- Townhome prices dropped slightly from $1,052,000 to $1,040,800.
Compared to October 2024:
- Detached and condo prices are down by over 5%.
- Townhomes have shown rare year-over-year resilience with a modest increase.
Long-Term Price Trends
- Home prices across all property types peaked between mid-2023 and mid-2024, followed by a gradual market correction.
- Detached homes have seen the most significant decline, with prices down over 5% year-over-year, reflecting reduced demand and higher supply.
- Condo prices also dropped by over 6%, driven by increased inventory and buyer hesitancy in higher interest rate environments.
- Townhomes have been the most resilient, with a 0.7% increase year-over-year, supported by steady demand from families and upgraders.
- Average price per square foot has declined across the board, signaling price sensitivity and negotiation power shifting slightly toward buyers.
- Despite recent softness, long-term appreciation since 2020 remains positive, especially for townhomes and detached homes.
- Market activity suggests price stability may be returning, with benchmark prices flattening in recent months.
What This Means for You
- Detached home buyers are in a stronger position with more listings and softer prices.
- Condo shoppers will find good selection, especially in Central and North Coquitlam.
- Townhomes remain competitive. Act quickly in desirable areas like Burke Mountain and Westwood Plateau.
Tip: Get pre-approved and work with a local agent who understands micro-neighbourhood trends.
- Be realistic about pricing, especially for condos and detached homes.
- Homes priced correctly are still selling within a month.
- Consider pre-listing inspections and staging to stand out in a more competitive market.
- Condo prices are near 2022 levels, which may signal a value entry point.
- Townhomes are holding value, suggesting solid rental and resale potential.
- Watch for distressed listings or motivated sellers heading into the winter season.
Ready to Navigate This Market?
Whether you’re planning to buy your first home, sell your current property, or explore investment options, understanding local trends is crucial. Our team is here to help you make informed, confident decisions.
Visit our Coquitlam’s Neihborhood Guide to explore insights, schools, lifestyle amenities, and up-to-date market trends—everything you need to make confident, informed decisions.
Contact details
Sayed Najibi
Personal Real Estate Corporation
Phone: 604-649-6520
Website: www.sngroup.ca