|
🔥 More Homes on the Market – and More Sales Too!
|
-
Active listings: 526 (up 16.1% from last year)
-
Sales: 65 (up 22.6% from last year)
-
Sales-to-Active Ratio: 12.4% – edging toward balanced conditions, but still leaning in buyers’ favor.
|
More listings mean more choice, but the jump in sales shows buyers aren’t sitting on the sidelines anymore.
|
|
Buyers finally had more variety to choose from — from modern builds in Burke Mountain to cozy family homes in Central Coquitlam. But the bigger surprise? They acted fast. This surge in both supply and sales hints at renewed confidence in the market and could be the first sign of momentum building toward a more competitive fall season.
|
|
💲 Prices Have Eased – But That’s Not the Whole Story
|
-
Benchmark Price: $1,737,100
-
Year-over-Year Change: -5.1% (~$92,900 drop)
|
Prices have dipped compared to last year, giving buyers more breathing room. But month-to-month, the pace of price declines has slowed — a possible sign the market is finding its footing.
|
|
|
|
|
⏳ Homes Are Selling a Bit Faster
|
|
Homes are moving a little quicker, which means serious buyers are making decisions faster to secure the right property.
|
|
|
|
|
🏘️ Neighbourhood Highlights
|
-
Burke Mountain: $2,032,100 (down 6.6%) – still the top-priced area.
-
Central Coquitlam: $1,779,300 (down 5.2%) – strong sales volume.
-
Coquitlam West: $1,863,400 (down 3.5%) – lots of higher-end listings.
-
Meadow Brook: $1,155,200 (down 1.7%) – among the more affordable spots.
|
|
|
|
💡 What This Means for You
|
-
Buyers: You’ve got more choices, slightly lower prices, and a bit more time — but don’t wait too long if you find the right home.
-
Sellers: Even with prices softer than last year, well-priced homes in desirable areas are still selling. Staging and presentation matter more than ever.
|
|
|
📞 Ready to Navigate This Market?
|
Whether you're buying, selling, or just staying informed, I'm here to guide you through every step. Reach out for:
|
-
A personalized market analysis of your neighborhood
-
Early access to off-market listings
-
Tailored selling strategies for this shifting market
|
 |
Fartash Elyasi | REALTOR® | RE/MAX Heights Realty
|
|
📧 contact@fartash.ca 🌐 fartash.ca 📱 236-885-4669
|
Let’s make your next real estate move a confident one.
|
|
|
DISCLAIMER: Data from the Real Estate Board of Greater Vancouver, current as of August 4, 2025. Percent changes are calculated using rounded figures.
|
|
|
|