Coquitlam Real Estate Market Update – February 2025

Surging Inventory Meets Slower Sales Across All Segments

Coquitlam’s real estate market continues to shift in February 2025, with significant increases in inventory across detached homes, condos, and townhomes. However, sales activity has softened, hinting at the early stages of a more balanced or buyer-leaning market. Pricing is starting to flatten, reflecting growing buyer hesitation.

Let’s break down the key numbers and trends driving Coquitlam’s market this month.

Key Market Stats for February 2025

Detached Homes

  • Total Active Listings: 394 (+69.8% YoY)
  • Sales: 40 (-11.1% YoY)
  • Days on Market Average: 33 (-34.0% YoY)
  • MLS® HPI Benchmark Price: $1,796,600 (-0.2% YoY)

Condos

  • Total Active Listings: 470 (+78.0% YoY)
  • Sales: 88 (-15.4% YoY)
  • Days on Market Average: 32 (-8.6% YoY)
  • MLS® HPI Benchmark Price: $732,000 (-1.4% YoY)

Townhomes

  • Total Active Listings: 145 (+34.3% YoY)
  • Sales: 31 (-16.2% YoY)
  • Days on Market Average: 34 (+47.8% YoY)
  • MLS® HPI Benchmark Price: $1,056,100 (+0.1% YoY)

Market Trends & Expert Insights

  • Detached Homes: Inventory Soars, Sales Lag Detached inventory nearly doubled year-over-year (+69.8%), while sales dipped 11.1%. Interestingly, properties sold faster, with average days on market down 34% to 33 days. Despite this, prices stayed flat (-0.2% YoY), reflecting increased buyer caution. The sharp inventory growth suggests more pressure ahead.
  • Condos: Rapid Supply Growth, Price Sensitivity Emerging Condos saw the largest inventory spike (+78.0%), but sales couldn’t keep pace, falling 15.4% YoY. Days on market improved slightly, but the benchmark price slipped 1.4% YoY—a clear sign buyers are becoming more selective.
  • Townhomes: Balanced but Slowing Townhome inventory grew 34.3% YoY, while sales dropped 16.2%. Days on market rose sharply to 34 days (+47.8%), hinting at slower absorption. Still, pricing is holding steady (+0.1% YoY), suggesting that while the pace is slowing, there’s no significant price erosion—yet.
  • Sales-to-Active Ratio Insights:
    • Detached Homes: 10.2% (Buyer’s Market)
    • Condos: 18.7% (Balanced Market, softening)
    • Townhomes: 21.4% (Balanced Market)
    Detached homes are now firmly in a buyer’s market, while condos and townhomes sit in balanced territory but trending toward more buyer-friendly conditions.

What This Means for Buyers & Sellers

For Buyers:

  • Detached buyers have strong negotiation power with abundant inventory and flat pricing.
  • Condo buyers can benefit from price softening and more selection.
  • Townhome buyers have more choice but should still move quickly on well-priced homes.

For Sellers:

  • Detached sellers must price aggressively to compete as supply rises.
  • Condo sellers face growing competition—accurate pricing is crucial to avoid sitting.
  • Townhome sellers should monitor activity closely—days on market are rising.

Final Thoughts

Coquitlam’s February market reflects a broader shift seen across Greater Vancouver—surging inventory is meeting softening sales, especially in the detached and condo markets. Pricing is holding—for now—but the trend suggests buyers will gain increasing leverage if these patterns continue.

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