Condos Market Report

October 2023 Riverwood Condos Market

Condos market data for Riverwood, Port Coquitlam — October 2023. Average sold price $801,667, 3 sold in 30 days, 20 avg days on market.

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Buyer's MarketRiverwood condos is currently a buyer's market. 9.4% sales-to-active listings ratio — homes selling in an average of 20 days, at an average sold price of $801,667 — well-priced properties are attracting strong demand.
3
Condos Sold (30d)
$802K
Avg Sold Price
20d
Avg Days on Market
32
Homes For Sale

Current Riverwood Condos Stats

Live MLS® data updated every 5 minutes. Most recent 30-day rolling window.

Condos Sold (30d)3
Avg Sold Price$801,667
Homes For Sale32
Avg Days on Market20 days
Months of Supply10.7 mo

October 2023 Riverwood Market Snapshot

All property types — historical MLS® data for Riverwood in October 2023.

All Types Sold11
Avg Sold Price$987,136
Avg Days on Market18 days
Avg Price per ft²$727,467

Riverwood Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
July 20268$818,63842d$818,638—
June 20269$889,55650d$746,856Seller's
May 20268$978,37531d$909,625Seller's
April 20269$1,003,38916d$725,923Seller's
March 20266$1,145,83335d$875,833Seller's
February 202610$1,049,05027d$858,550Seller's

Frequently Asked Questions — Riverwood Condos

How did the Riverwood condos market perform in October 2023?+
The Riverwood condos market currently shows 3 units sold in the last 30 days at an average price of $801,667, with an average of 20 days on market. Buyers have more choice and negotiating leverage. This data reflects the most recent 30-day MLS® activity.
What is the average price of a condo in Riverwood?+
The average sold price for a condo in Riverwood is currently $801,667, based on MLS® sales over the past 30 days. Prices vary by size, floor, age, and condition. Contact a local agent for a property-specific valuation.
How long do condos take to sell in Riverwood?+
Condos in Riverwood are currently selling in an average of 20 days on market. Well-priced properties in good condition tend to sell faster — sometimes within days of listing. Properties at higher price points may take longer.
What is the absorption rate for condos in Riverwood?+
Riverwood condos has a sales-to-active listings ratio (SALR) of 9.4%, 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 Riverwood?+
Riverwood condos are currently in a buyer's market. The average price is $801,667. 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 Riverwood market perform in October 2023?+
In October 2023, the Riverwood real estate market (all property types) recorded 11 sales at an average price of $987,136, with properties averaging 18 days on market at $727,467 per square foot.
How did Riverwood compare in October 2023 vs. September 2023?+
Compared to September 2023, overall Riverwood sales volume was up 22% (9 vs 11 homes sold) and the average sold price was up 5% to $987,136.
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October 2023 Riverwood Condos Market Report — Coquitlam & Port Coquitlam & Port Moody | Nav Shahram | Nav Shahram & Reza Hedayat