Condos Market Report

May 2024 Lower Mary Hill Condos Market

Condos market data for Lower Mary Hill, Port Coquitlam — covering sales volume, pricing, and days on market for May 2024.

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Buyer's MarketLower Mary Hill condos is currently a buyer's market, with 10.1% sales-to-active listings ratio.
1
All Types Sold
$2.18M
Avg Sold Price
29d
Avg Days on Market
$545,000
Avg $/sqft

May 2024 Lower Mary Hill Market Snapshot

All property types — historical MLS® data for Lower Mary Hill in May 2024.

All Types Sold1
Avg Sold Price$2,180,000
Avg Days on Market29 days
Avg Price per ft²$545,000

Lower Mary Hill Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
July 20262$1,281,75047d$640,875—
June 20263$1,276,33341d$638,167Seller's
May 20261$1,010,00019d$505,000Seller's
April 20262$1,126,87518d$1,126,875Seller's
February 20261$1,741,00018d$870,500—
January 20261$1,350,000145d$675,000Seller's

Frequently Asked Questions — Lower Mary Hill Condos

How did the Lower Mary Hill condos market perform in May 2024?+
May 2024 condos data for Lower Mary Hill is being compiled. Check back soon or view the full Lower Mary Hill market report.
What is the absorption rate for condos in Lower Mary Hill?+
Lower Mary Hill 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 Lower Mary Hill?+
Lower Mary Hill 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 Lower Mary Hill market perform in May 2024?+
In May 2024, the Lower Mary Hill real estate market (all property types) recorded 1 sales at an average price of $2,180,000, with properties averaging 29 days on market at $545,000 per square foot.
How did Lower Mary Hill compare in May 2024 vs. April 2024?+
Compared to April 2024, overall Lower Mary Hill sales volume was down 50% (2 vs 1 homes sold) and the average sold price was up 38% to $2,180,000.
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May 2024 Lower Mary Hill Condos Market Report — Coquitlam & Port Coquitlam & Port Moody | Nav Shahram | Nav Shahram & Reza Hedayat