Duplexes Market Report

December 2023 Ranch Park Duplexes Market

Duplexes market data for Ranch Park, Coquitlam — covering sales volume, pricing, and days on market for December 2023.

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Buyer's MarketRanch Park duplexes is currently a buyer's market, with 10.1% sales-to-active listings ratio.
2
All Types Sold
$1.57M
Avg Sold Price
9d
Avg Days on Market
$670,833
Avg $/sqft

December 2023 Ranch Park Market Snapshot

All property types — historical MLS® data for Ranch Park in December 2023.

All Types Sold2
Avg Sold Price$1,575,000
Avg Days on Market9 days
Avg Price per ft²$670,833

Ranch Park Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
June 20262$1,125,00025d$581,667—
May 20266$1,211,46740d$562,017Seller's
April 20268$1,512,86322d$662,404Seller's
March 20266$1,379,83331d$654,175Seller's
February 20264$1,341,50045d$670,750Seller's
January 20264$1,748,75054d$809,250Seller's

Frequently Asked Questions — Ranch Park Duplexes

How did the Ranch Park duplexes market perform in December 2023?+
December 2023 duplexes data for Ranch Park is being compiled. Check back soon or view the full Ranch Park market report.
What is the absorption rate for duplexes in Ranch Park?+
Ranch Park duplexes 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 duplex in Ranch Park?+
Ranch Park duplexes 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 Ranch Park market perform in December 2023?+
In December 2023, the Ranch Park real estate market (all property types) recorded 2 sales at an average price of $1,575,000, with properties averaging 9 days on market at $670,833 per square foot.
How did Ranch Park compare in December 2023 vs. November 2023?+
Compared to November 2023, overall Ranch Park sales volume was down 67% (6 vs 2 homes sold) and the average sold price was up 18% to $1,575,000.
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December 2023 Ranch Park Duplexes Market Report — Coquitlam & Port Coquitlam & Port Moody | Nav Shahram | Nav Shahram & Reza Hedayat