Condos Market Report

August 2023 Summitt View Condos Market

Condos market data for Summitt View, Coquitlam — covering sales volume, pricing, and days on market for August 2023.

Buyer's MarketSummitt View condos is currently a buyer's market, with 10.1% sales-to-active listings ratio.
1
All Types Sold
$1.65M
Avg Sold Price
82d
Avg Days on Market
$1,650,000
Avg $/sqft

August 2023 Summitt View Market Snapshot

All property types — historical MLS® data for Summitt View in August 2023.

All Types Sold1
Avg Sold Price$1,650,000
Avg Days on Market82 days
Avg Price per ft²$1,650,000

Summitt View Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
June 20261$1,589,00013d$794,500
November 20251$1,625,00070d$812,500
September 20251$1,720,00066d$860,000Seller's
August 20251$1,655,0005d$551,667Seller's
July 20251$1,649,0008d$824,500Seller's
June 20251$1,665,00032d$555,000Seller's

Frequently Asked Questions — Summitt View Condos

How did the Summitt View condos market perform in August 2023?+
August 2023 condos data for Summitt View is being compiled. Check back soon or view the full Summitt View market report.
What is the absorption rate for condos in Summitt View?+
Summitt View condos has a sales-to-active listings ratio (SALR) of 10.1%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.
Is it a good time to buy a condo in Summitt View?+
Summitt View condos are currently in a buyer's market. Whether now is the right time depends on your personal timeline, budget, and goals. A knowledgeable local agent can help you assess current opportunities.
How did the overall Summitt View market perform in August 2023?+
In August 2023, the Summitt View real estate market (all property types) recorded 1 sales at an average price of $1,650,000, with properties averaging 82 days on market at $1,650,000 per square foot.
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August 2023 Summitt View Condos Market Report — Coquitlam & Port Coquitlam & Port Moody | Nav Shahram | Nav Shahram & Reza Hedayat