Port Coquitlam - Townhouse Marketplace - Behind the Stats - June 2025
In a stagnated market we hear about many difficult stats describing the state of the market, but there is 3 primary stats we focus on;
- # of units sold. Currently as a whole, Metro Vancouver sales are down 30% from a 10-year average, and approx 18% from 2024 sales volume.
- Price. Prices have reduced by approx 3% as a whole from 1-year ago.
- Sales to Listing ratio. Currently all asset classes in Metro Vancouver are in the balanced to Buyer's market ratios of 10-15%. (12 - 20%) is a balanced market.
The story in the family-fun city of Port Coquitlam is a bit different.
The asset class we are looking at is townhouse, approx 30 yrs old, price range $800-$950k.
- Currently 5 for sale
- 14 Sold in the last 6 months. 2.33 sold/month
- 8 Sold in the last 90 days. 2.66 sold/month
- Absorption time, as per stats, 1.87 months
- Sales to Listing Ratio - 53%. Deep into a Seller's market is the label for this ratio (heavy Seller favoured ratios in a Seller's market are in the 37% range). As a comparison, Metro Vancouver's 13.4%
The Strange Brew of these stats.... limited showings. Open Houses are attended, however by 2-3 groups. Port Coquitlam townhouses are experiencing just enough acquisitions to keep the Active listings limited and FULL of hope in a very thirsty marketplace for Sellers.