Port Coquitlam Real Estate Market Update – February 2025

Steady Detached Sales, Condo Strength, and Townhome Slowdown

Port Coquitlam’s February 2025 market reflects varied performance across property types. Detached homes saw healthy sales and price gains, condos stayed competitive, while townhomes experienced slowing demand despite rising inventory. Overall, the market remains fairly balanced but hints at shifts buyers and sellers should watch closely.

Let’s break down the latest market stats and what they mean.

Key Market Stats for February 2025

Detached Homes

  • Total Active Listings: 134 (+32.7% YoY)
  • Sales: 18 (+20.0% YoY)
  • Days on Market Average: 28 (+7.7% YoY)
  • MLS® HPI Benchmark Price: $1,409,400 (+2.4% YoY)

Condos

  • Total Active Listings: 81 (+14.1% YoY)
  • Sales: 28 (-12.5% YoY)
  • Days on Market Average: 24 (-11.1% YoY)
  • MLS® HPI Benchmark Price: $630,700 (-2.0% YoY)

Townhomes

  • Total Active Listings: 39 (+56.0% YoY)
  • Sales: 9 (-43.8% YoY)
  • Days on Market Average: 20 (unchanged YoY)
  • MLS® HPI Benchmark Price: $956,300 (+1.9% YoY)

Market Trends & Expert Insights

  • Detached Homes: Solid Sales and Price Growth Detached home sales jumped 20% year-over-year, even as inventory climbed 32.7%. Homes are taking slightly longer to sell (28 days on average), but pricing remains solid with a 2.4% increase YoY. This segment is proving resilient, supported by continued buyer demand.
  • Condos: Competitive Market but Price Softening Condo listings rose 14.1%, while sales dipped 12.5%. Notably, condos sold faster this month—24 days on market (down 11%)—indicating active buyers for the right properties. However, the benchmark price fell 2% YoY, hinting at increasing price sensitivity.
  • Townhomes: Rising Inventory and Slowing Sales Townhomes saw the biggest shift, with inventory surging 56% YoY and sales dropping 44%. Days on market held steady at 20 days, but the sharp sales decline suggests growing buyer caution. Despite this, prices edged up 1.9% YoY, though this could face pressure if the trend continues.
  • Sales-to-Active Ratio Insights:
    • Detached Homes: 13.4% (Balanced Market)
    • Condos: 34.6% (Seller’s Market)
    • Townhomes: 23.1% (Balanced Market)
    Condos remain the strongest segment based on absorption, while detached homes and townhomes sit firmly in balanced market territory.

What This Means for Buyers & Sellers

For Buyers:

  • Detached home buyers should expect moderate competition but increasing choice.
  • Condo buyers may find room to negotiate on price, despite solid activity levels.
  • Townhome buyers could see opportunities emerge as inventory builds and sales slow.

For Sellers:

  • Detached sellers are well-positioned but should stay competitive on pricing.
  • Condo sellers must be strategic—units are moving but price sensitivity is growing.
  • Townhome sellers may face a tougher market—pricing and presentation are key to attracting serious buyers.

Final Thoughts

Port Coquitlam’s market shows strength in the detached sector, competitive activity in condos, and early signs of softening in townhomes. Buyers and sellers alike should watch inventory trends closely as spring approaches.

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