Condos Market Report

March 2024 Ranch Park Condos Market

Condos market data for Ranch Park, Coquitlam — covering sales volume, pricing, and days on market for March 2024.

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Buyer's MarketRanch Park condos is currently a buyer's market, with 10.1% sales-to-active listings ratio.
6
All Types Sold
$1.47M
Avg Sold Price
44d
Avg Days on Market
$747,236
Avg $/sqft

March 2024 Ranch Park Market Snapshot

All property types — historical MLS® data for Ranch Park in March 2024.

All Types Sold6
Avg Sold Price$1,473,167
Avg Days on Market44 days
Avg Price per ft²$747,236

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 Condos

How did the Ranch Park condos market perform in March 2024?+
March 2024 condos data for Ranch Park is being compiled. Check back soon or view the full Ranch Park market report.
What is the absorption rate for condos in Ranch Park?+
Ranch Park 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 Ranch Park?+
Ranch Park 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 Ranch Park market perform in March 2024?+
In March 2024, the Ranch Park real estate market (all property types) recorded 6 sales at an average price of $1,473,167, with properties averaging 44 days on market at $747,236 per square foot.
How did Ranch Park compare in March 2024 vs. February 2024?+
Compared to February 2024, overall Ranch Park sales volume was up 500% (1 vs 6 homes sold) and the average sold price was up 8% to $1,473,167.
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March 2024 Ranch Park Condos Market Report — Coquitlam & Port Coquitlam & Port Moody | Nav Shahram | Nav Shahram & Reza Hedayat