Coquitlam Real Estate Market Update – April 2025

Inventory Surges, Pricing Slips, But Townhomes Remain a Bright Spot

Coquitlam’s April 2025 housing market reveals a growing divide across property types. While overall inventory has increased significantly, demand has not kept pace—particularly in the condo and detached segments, which are now seeing both slower sales and softening prices. In contrast, townhomes continue to outperform, with strong sales despite higher supply.

Here’s a detailed look at what’s driving the shift this month.

Key Market Stats for April 2025

Detached Homes

  • Total Active Listings: 511 (+45.2% YoY)
  • Sales: 46 (-28.1% YoY)
  • Days on Market Average: 23 (-4.2% YoY)
  • MLS® HPI Benchmark Price: $1,792,100 (-3.0% YoY)

Condos

  • Total Active Listings: 572 (+78.2% YoY)
  • Sales: 78 (-38.6% YoY)
  • Days on Market Average: 25 (+8.7% YoY)
  • MLS® HPI Benchmark Price: $729,100 (-3.4% YoY)

Townhomes

  • Total Active Listings: 193 (+48.5% YoY)
  • Sales: 60 (+53.8% YoY)
  • Days on Market Average: 17 (+21.4% YoY)
  • MLS® HPI Benchmark Price: $1,081,400 (+0.1% YoY)

Market Trends & Expert Insights

  • Detached Homes: Sales Drop, Prices Fall
    Detached inventory jumped 45.2% YoY, while sales declined 28.1%, pushing this segment deeper into buyer’s market territory. Prices fell 3.0%, and although properties are still moving relatively quickly (23 days on average), the trend suggests softening demand.
  • Condos: Oversupply and Cautious Buyers
    Condo listings rose a staggering 78.2% YoY, while sales dropped 38.6%. Average time on market also increased to 25 days, and prices fell 3.4%—clear indicators that this segment is under pressure. Buyers now have ample choice and negotiation power.
  • Townhomes: Rare Market Strength
    Townhomes defied the broader trend. Sales surged 53.8% YoY, even as listings grew by nearly 50%. Despite a modest increase in days on market, this segment shows resilience and healthy buyer demand, with the benchmark price remaining stable (+0.1%).
  • Sales-to-Active Ratio Snapshot:
    • Detached: 9.0% → Buyer’s Market
    • Condos: 13.6% → Balanced Market (trending toward buyer)
    • Townhomes: 31.1% → Seller’s Market

What This Means for Buyers & Sellers

For Buyers:

  • Detached and condo buyers are in a strong position with ample inventory and pricing softness.
  • Townhome buyers should act decisively—competition is stronger in this segment, even as listings rise.

For Sellers:

  • Detached and condo sellers will need to price aggressively and be patient—the market has shifted.
  • Townhome sellers remain well-positioned, but success still depends on competitive pricing and presentation.

Final Thoughts

Coquitlam’s market is diverging sharply across housing types. Detached and condo segments are clearly cooling, while townhomes remain in demand. Buyers will find value and opportunity in the softening segments, while sellers—especially of detached homes—must stay responsive to changing market dynamics.

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