Townhouses Market Report

February 2024 Summitt View Townhouses Market

Townhouses market data for Summitt View, Coquitlam — covering sales volume, pricing, and days on market for February 2024.

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Buyer's MarketSummitt View townhouses is currently a buyer's market, with 10.1% sales-to-active listings ratio.
1
All Types Sold
$1.63M
Avg Sold Price
4d
Avg Days on Market
$815,000
Avg $/sqft

February 2024 Summitt View Market Snapshot

All property types — historical MLS® data for Summitt View in February 2024.

All Types Sold1
Avg Sold Price$1,630,000
Avg Days on Market4 days
Avg Price per ft²$815,000

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 Townhouses

How did the Summitt View townhouses market perform in February 2024?+
February 2024 townhouses data for Summitt View is being compiled. Check back soon or view the full Summitt View market report.
What is the absorption rate for townhouses in Summitt View?+
Summitt View townhouses 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 townhouse in Summitt View?+
Summitt View townhouses 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 February 2024?+
In February 2024, the Summitt View real estate market (all property types) recorded 1 sales at an average price of $1,630,000, with properties averaging 4 days on market at $815,000 per square foot.
How did Summitt View compare in February 2024 vs. August 2023?+
Compared to August 2023, overall Summitt View sales volume was unchanged (1 vs 1 homes sold) and the average sold price was down 1% to $1,630,000.
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What does the Summitt View townhouses market mean for you?

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February 2024 Summitt View Townhouses Market Report — Coquitlam & Port Coquitlam & Port Moody | Nav Shahram | Nav Shahram & Reza Hedayat