Townhouses Market Report

May 2024 Ranch Park Townhouses Market

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

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Buyer's MarketRanch Park townhouses is currently a buyer's market, with 10.1% sales-to-active listings ratio.
6
All Types Sold
$1.7M
Avg Sold Price
13d
Avg Days on Market
$868,996
Avg $/sqft

May 2024 Ranch Park Market Snapshot

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

All Types Sold6
Avg Sold Price$1,698,817
Avg Days on Market13 days
Avg Price per ft²$868,996

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 Townhouses

How did the Ranch Park townhouses market perform in May 2024?+
May 2024 townhouses data for Ranch Park is being compiled. Check back soon or view the full Ranch Park market report.
What is the absorption rate for townhouses in Ranch Park?+
Ranch Park 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 Ranch Park?+
Ranch Park 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 Ranch Park market perform in May 2024?+
In May 2024, the Ranch Park real estate market (all property types) recorded 6 sales at an average price of $1,698,817, with properties averaging 13 days on market at $868,996 per square foot.
How did Ranch Park compare in May 2024 vs. April 2024?+
Compared to April 2024, overall Ranch Park sales volume was down 14% (7 vs 6 homes sold) and the average sold price was down 2% to $1,698,817.
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May 2024 Ranch Park Townhouses Market Report — Coquitlam & Port Coquitlam & Port Moody | Nav Shahram | Nav Shahram & Reza Hedayat