Coquitlam Real Estate Market Update – June 2025

Inventory Growth and Price Softening Define the Market

The June 2025 market in Coquitlam continues its inventory-driven shift, with active listings up sharply across all property types. While sales activity remains relatively stable for townhomes, detached homes and condos are seeing longer selling times and price declines, signaling more leverage for buyers.

Key Market Stats for June 2025

Detached Homes

  • Total Active Listings: 560 (+37.6% YoY)
  • Sales: 48 (-11.1% YoY)
  • Days on Market Average: 30 (+25.0% YoY)
  • MLS® HPI Benchmark Price: $1,750,600 (-5.0% YoY)

Condos

  • Total Active Listings: 550 (+32.9% YoY)
  • Sales: 78 (-17.0% YoY)
  • Days on Market Average: 37 (+60.9% YoY)
  • MLS® HPI Benchmark Price: $710,800 (-4.8% YoY)

Townhomes

  • Total Active Listings: 213 (+46.9% YoY)
  • Sales: 40 (+2.6% YoY)
  • Days on Market Average: 20 (-9.1% YoY)
  • MLS® HPI Benchmark Price: $1,096,600 (+1.1% YoY)

Market Trends & Expert Insights

  • Detached Homes: Inventory Growth Drives Pricing Pressure
    Listings jumped 37.6% YoY, but sales fell 11.1%, while days on market increased to 30 days. Prices dropped 5.0% YoY, the sharpest decline among property types, making this segment particularly buyer-friendly.
  • Condos: Slower Sales and Extended Timelines
    Condo inventory rose 32.9%, but sales dipped 17% YoY. Days on market climbed to 37 days, and prices declined 4.8%, confirming a cooling condo market.
  • Townhomes: The Bright Spot
    Townhomes remain relatively resilient, with sales edging up 2.6% YoY despite a 47% increase in inventory. Prices were stable, up 1.1% YoY, making this segment more balanced than others.
  • Sales-to-Active Ratio Snapshot:
    • Detached: 8.6% → Buyer’s Market
    • Condos: 14.2% → Balanced Market (softening)
    • Townhomes: 18.8% → Balanced Market (holding stronger)

What This Means for Buyers & Sellers

For Buyers:

  • Detached and condo buyers have significant negotiation leverage thanks to oversupply and softer prices.
  • Townhome buyers face less pressure but still have room for negotiation.

For Sellers:

  • Detached and condo sellers must price aggressively and prepare for longer timelines.
  • Townhome sellers should still aim for competitive pricing but benefit from relatively stable demand.

Final Thoughts

Coquitlam’s market reflects the broader trend across Greater Vancouver: more listings, longer selling times, and moderating prices. Buyers now have increased choice and bargaining power, while sellers need to adjust strategies to stay competitive.

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