📉 Coquitlam Real Estate Market Update – October 2025 Recap

Detached • Townhomes • Condos | Updated for November 2025
By Mark Parsons, Realtor® | Coquitlam, BC

🎥 Want the full breakdown in video format? 

🔍 What’s Happening in the Coquitlam Market Right Now?

As we roll into November, the October 2025 market data reveals a clear shift:
✅ More inventory
📉 Easing prices (in some segments)
🧠 Smarter, slower-moving buyers

Let’s break it down by property type and highlight what it means whether you’re thinking about selling, buying, or just keeping an eye on your home’s value.

🏡 Detached Homes: A Buyer’s Market Returns

• Benchmark Price: $1,706,000

• Median Sale Price: $1,614,000

• Year-over-Year Decline: –5.4%

• Sales-to-Active Ratio: 11% → Buyer’s Market

• Average Days on Market: ~18 days (but often longer with relisting)

📉 Detached homes in Coquitlam are down over $200,000 from the 2022 peak.
While DOM (Days on Market) suggests quicker sales, the reality is many homes are relisted with adjusted pricing, which resets the clock.

🔎 Most activity is in the $1.25M–$1.75M range — that’s where well-priced homes are still moving.
📍 Hot areas for buyers: Ranch Park, Coquitlam West, Maillardville
📍 More favorable for sellers: New Horizons, Chineside

🎯 Advice for Sellers: Pricing must reflect current buyer expectations. Overpricing means extended DOM and price reductions later.

🧱 Townhomes: The Most Stable Segment in Coquitlam

• Benchmark Price: $1,040,800

• Year-over-Year Change: +0.7% (flat to slightly up)

• Sales-to-Active Ratio: ~17–18% → Balanced Market

• Average DOM: 26–35 days

📊 Townhomes are holding up better than any other property type in Coquitlam.
We’re seeing continued demand from upsizers and young families looking for space without paying detached prices.

📉 And here’s the kicker: The gap between townhome and detached pricing has narrowed by ~$170,000 since the 2022 peak.
This makes now a strategic time for townhome owners to move up the property ladder.

🎯 Advice for Owners: 3-bedroom townhomes in family-oriented neighborhoods are still attracting buyers. If you’re thinking of upsizing, the math may finally work in your favor.

🏢 Condos: High Inventory = Buyer Advantage

• Benchmark Price: $690,700

• Year-over-Year Decline: –6.0%

• Approx. Decline from Peak: ~15%

• Sales-to-Active Ratio: ~15% → Buyer’s Market

• DOM: 30–35 days (median)

🏗️ Condos have the softest conditions right now.
Why? A flood of newly completed, overpriced new construction units and cautious entry-level buyers.

That said, well-located, well-priced resale units — especially near SkyTrain — can still move. But buyers have more choice and more leverage than they’ve had in years.

🎯 Advice for Sellers: If your unit is clean, staged, and priced right, there’s still a market. But skip the “test the market” pricing strategy — it won’t fly in Q4 2025.

💰 Mortgage Rates & Buyer Sentiment

• BoC Rate (October 2025): 2.25%

• 5-Year Fixed Rates: ~4.3–4.6% (mid–low 4% range)

The Bank of Canada cut its benchmark rate again in October, offering modest affordability relief.
While buyers welcome the change, many are still cautious — watching rates, inflation, and their own job security.

Still, this fall may be a golden window for serious buyers:

• More inventory

• Less competition

• Prices well off peak

• Sellers increasingly negotiable

📰 Recent Market Headlines

• “Prices down $200K+ in Coquitlam since peak”

• “New condos struggle to sell — buyers push back on pricing”

• “Inventory highest in years — buyer’s market returns”

• “Rate cuts not yet sparking buyer surge, but relief is visible”

🔑 Key Takeaways for Coquitlam Homeowners

• Detached homes: Buyers hold leverage. Sharp pricing is key. Expect longer timelines.

• Townhomes: Holding value. Great moment for upsizers to jump to detached.

• Condos: High competition. Only well-prepared, well-positioned listings are selling.

• Mortgage rates: Helping, but not curing. Buyer caution still tempers the market.

🎯 What Should You Do Next?

If you’re a homeowner in Coquitlam and you’re thinking:
“Should I sell now, wait until spring, or just stay put?” — let’s chat.

📍 Every situation is unique, and I’m here to help you interpret what these numbers mean for your property, your goals, and your timeline.

📬 Book a free home evaluation here: [Insert Link]
📞 Or reach out directly — I’d love to hear from you:
Mark Parsons, Realtor® | eXp Realty
📧 mark.parsons@exp | 📱 604-808-1827
📺 Watch the Full Market Update on YouTube