Port Coquitlam Real Estate Market Update – April 2025

A Cooling Market with Diverging Strength Across Property Types

April 2025 data from Port Coquitlam reflects slowing sales activity amid rising inventory, particularly in the detached and condo segments. While the overall market is rebalancing, townhomes remain the standout performer, holding a strong position in seller’s territory. Detached and condo sellers, however, are navigating a softer pricing environment and longer timelines.

Let’s explore this month’s numbers in more detail.

Key Market Stats for April 2025

Detached Homes

  • Total Active Listings: 160 (+27.0% YoY)
  • Sales: 27 (-22.9% YoY)
  • Days on Market Average: 45 (+150.0% YoY)
  • MLS® HPI Benchmark Price: $1,408,900 (-2.1% YoY)

Condos

  • Total Active Listings: 125 (+56.3% YoY)
  • Sales: 24 (-47.8% YoY)
  • Days on Market Average: 16 (no change YoY)
  • MLS® HPI Benchmark Price: $641,100 (0.0% YoY)

Townhomes

  • Total Active Listings: 56 (+43.6% YoY)
  • Sales: 18 (-14.3% YoY)
  • Days on Market Average: 18 (+50.0% YoY)
  • MLS® HPI Benchmark Price: $955,400 (-1.1% YoY)

Market Trends & Expert Insights

  • Detached Homes: Slower Sales, Longer Wait Times
    Detached listings are up 27%, while sales dropped nearly 23% compared to April 2024. Homes are taking much longer to sell—up to 45 days on average—and prices have declined 2.1% YoY. This segment has clearly moved toward a buyer’s market as demand softens.
  • Condos: Supply Growth Outpaces Demand
    The condo market saw a 56.3% rise in listings, but sales dropped sharply by nearly 48%. Despite the increase in inventory, the average days on market held steady at 16. Pricing remained flat, but continued oversupply could lead to price adjustments moving forward.
  • Townhomes: Resilient Despite Market Headwinds
    While sales dipped 14.3% YoY, townhomes remained strong overall. The sales-to-active ratio of 32.1% places this segment in clear seller’s market territory. Inventory rose, and homes are taking a bit longer to sell, but pricing has remained stable (-1.1% YoY).
  • Sales-to-Active Ratio Snapshot:
    • Detached: 16.9% → Balanced Market
    • Condos: 19.2% → Balanced Market (trending toward buyer)
    • Townhomes: 32.1% → Seller’s Market

What This Means for Buyers & Sellers

For Buyers:

  • Detached and condo buyers are in a stronger negotiating position with rising inventory and slowing sales.
  • Townhome buyers should be prepared for competition—seller leverage remains strong in this segment.

For Sellers:

  • Detached and condo sellers must focus on competitive pricing and strong presentation to avoid stagnation.
  • Townhome sellers are still in a favorable position, but should watch for early signs of buyer fatigue.

Final Thoughts

Port Coquitlam’s market is increasingly segmented, with detached homes and condos entering a more balanced or buyer-favored phase, while townhomes continue to hold value and velocity. As inventory builds, both buyers and sellers need to adjust strategies in response to shifting momentum.

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