Mar 1, 2025
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Current: Coquitlam's 9 %SOLD Rate indicates a Buyer Market.
(This means 8 homes out of 100 sold last month with an Average $51,500 Discount from the Original List Price)
Most Active Range: Homes between $1.45 mill. - $1.7 mill. have a 22.4 %SOLD rate.
Least Active Range: Homes above $3.0 mill. have 0.9 %SOLD rate.
History: The Coquitlam Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $43,346.
The Coquitlam Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $24,312.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Coquitlam has a normal Listing supply; 375 homes are for sale. With the 9 %SOLD Monthly Rate (STR) gives us ~11, months of inventory. 4% of the Active Listings have reduced their price by $70,578 on Average or $50,500 Median. We project Coquitlam Detached now in a Buyer Market
Greater Vancouver January 2025:
In January, 67% of detached homes in Greater Vancouver increased in value. The average price for single-family homes rose by $7,985, reversing December’s $7,510 decline.
The Chinese New Year (Jan 29th) usually sparks a surge in buying activity. This year, cash did flow in, but at a much lower volume than in past years.
On one hand, buyers are encouraged by recent interest rate drops. But that optimism is mixed with uncertainty as we await the Federal election, which could give the new government a stronger mandate to negotiate pending American tariffs.
Despite these factors, the Metro Vancouver market is still expected to remain stable.
Condo and townhouse prices are also rising, with average increases of $3,642 and $913, respectively. These markets are forecasted to hold steady until late spring.
For updates, visit VancouverMarketReports.com every Saturday at noon to see which areas in the Lower Mainland are gaining or losing value. For your Free Home Market Analysis and expert advice on your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.
Fraser Valley January 2025:
In January 67% of detached homes in Fraser Valley saw a small increase in value. For the month of January, the average price for single-family homes went up from $1,182 in December to $1,565.
The Chinese New Year (Jan 29th) usually sparks a surge in buying activity. This year, cash did flow in, but at a much lower volume than in past years. The Fraser Valley benefits from trickle-down buyers when Vancouver is active.
On one hand, buyers are encouraged by recent interest rate drops. But that optimism is mixed with uncertainty as we await the results of the Federal election, which could give the new government a stronger mandate to negotiate pending American tariffs.
Despite these factors, the Fraser Valley detached market is expected to remain stable.
While townhouse prices have risen with $780, the condo market has declined to an average of $1,544. However, both markets are still forecasted to remain steady until late Spring.
For updates, visit VancouverMarketReports.com every Saturday at noon to see which areas in the Lower Mainland are gaining or losing value. For your Free Home Market Analysis and expert advice on your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.
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We thank Bill Coughlin for their support of these Coquitlam Real Estate Market Updates which include sub-areas such as Coquitlam West, Maillardville, Westwood Plateau, Burke Mountain, Central Coquitlam etc. Contact Bill and the Team as the Local Experts.... more details.
Download the full Coquitlam.Marketupdatereport.PDF
This Coquitlam Real Estate Market update includes the sub areas Westwood Plateau, Coquitlam West, Burke Mountain, Central Coquitlam, Maillardville etc.
Click Image to compare previous STR/ MTI graphs
Trying to do the math? Lessons: STR MTI
Coquitlam Market Reports and Forecasts
Real Estate Market Analysis Reports
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This is the most accurate %SOLD-Monthly Sell Through Rates (STR Graph) using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks. |
Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.
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