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If you’re watching the real estate market in Coquitlam’s Westwood Plateau, here’s what you need to know from the latest data. Whether you’re thinking about buying, selling, or investing, this month’s numbers offer helpful insights into where the market is headed, and how to navigate it confidently.
Detached Homes
- Sales: 6
- Active Listings: 65
- Becnhmark Price: $1,822,700
- Year-over-Year Price Change: +5.9%
- Avarage Days on Market: 30 days
Detached homes in Westwood Plateau are outperforming the broader Coquitlam market, where detached prices are down -5.2% overall.
Townhomes
- Sales: 3
- Active Listings: 16
- Benchmark Price: $1,090,400
- Year-over-Year Price Change: -6.2%
- Avarage Days on Market: 27 days
Townhomes saw a price dip, but demand remains steady, with a balanced market condition and relatively quick turnaround time.
Condos
- Sales: 4
- Active Listings: 18
- Benchmark Price: $676,500
- Year-over-Year Price Change: -1.6%
- Avarage Days on Market: 38 days
Condos are holding steady, with slight pricing adjustments and a sales-to-active ratio suggesting a seller’s market locally.
Sales-to-Active Ratio
This ratio helps determine whether the market favours buyers, sellers, or is balanced:
| Property Type | Sales | Market Type |
|---|---|---|
| Detached | 6 | Buyer’s Market |
| Condo | 4 | Seller’s Market |
| Townhome | 3 | Balanced Market |
Detached homes are in buyer’s market territory, while condos are leaning toward a seller’s market. Townhomes sit comfortably in balanced conditions.
What This Means for You
Today’s market is showing signs of stability. This means buyers may not face as much pressure or competition as earlier this year. There’s more time to make decisions, and in some areas, room to negotiate on price or terms. However, well-priced homes are still selling, so it’s important to be prepared and work with a knowledgeable agent.
With sales activity picking up and demand steady, sellers are in a solid position, especially if their home is priced right.
While the pace isn’t as fast as peak months, serious buyers are still active. Homes that show well and are listed competitively are more likely to sell without major price cuts.
A more balanced market can open up new opportunities. Inventory is healthier, and pricing has levelled off in many areas. For long-term investors, this is a good time to explore properties in growing neighbourhoods or near upcoming infrastructure projects. The current data suggests a stable environment to make well-planned moves.
Key Takeaways
- Detached homes in Westwood Plateau are bucking citywide price declines.
- The overall market is balanced, but buyers still have some leverage.
- Inventory is rising, offering more options across all housing types.
Ready to Make Your Next Move?
Whether you’re considering buying your first condo, upgrading to a family home, or exploring investment opportunities, we’re here to help you make informed, confident decisions. Contact Sayed Najibi, and let’s talk strategy!
Contact details
Sayed Najibi
Personal Real Estate Corporation
Phone: 604-649-6520
Website: www.sngroup.ca