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August 2024 Market Report — Coquitlam & Port Coquitlam & Port Moody

The Coquitlam & Port Coquitlam & Port Moody real estate market recorded 260 homes sold in August 2024 at an average sold price of $1,035,596. This report covers sales volume, average sold price, days on market, and overall market conditions to help buyers and sellers understand August 2024 trends.

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BalancedCoquitlam & Port Coquitlam & Port Moody is currently a buyer's market. 7.8% sales-to-active listings ratio — homes selling in an average of 35 days, at an average sold price of $989,289 — well-priced properties are attracting strong demand.
260
Homes Sold
$1.04M
Avg Sold Price
32d
Avg Days on Market
$546,967
Avg $/sqft
Nav Shahram
Nav's Market Take

Coquitlam & Port Coquitlam & Port Moody showed buyer-friendly conditions in August 2024 — there was more supply than usual, giving buyers extra time and negotiating leverage. The average sold price came in at $1,035,596, down 4% from the prior month — reflecting some softening in buyer competition. At 32 average days on market, sellers need realistic pricing — buyers have the time to compare options and push back on overpriced homes.

— Nav Shahram, RE/MAX All Points Coquitlam

August 2024 Snapshot

Homes Sold260
Avg Sold Price$1,035,596
Avg Days on Market32 days
Avg Price per ft²$546,967

12-Month Trend

Aug – Aug · MLS® sales data

Avg Sold Price
Homes Sold
Avg Days on Market
Avg $/sqft
Avg Price by Property Type
Sales Mix by Type (30d)
Reza HedayatNav Shahram
Nav & Reza
RE/MAX All Points Coquitlam

Nav & Reza bring combined local expertise to help buyers find value and sellers maximize their return.

By Property Type (Current Period)

Coquitlam & Port Coquitlam & Port Moody real estate sales by property type — August 2024. Includes homes sold, average sold price, days on market, active listings, and market type.
TypeSold (30d)Avg Sold PriceAvg DOMActiveMarket
Apartment68$610,22437d876Buyer's Market
Duplex7$1,269,25732d66Buyer's Market
Fourplex0Contact0d2Buyer's Market
House35$1,682,30945d706Buyer's Market
Other0Contact0d7Buyer's Market
Recreational0Contact0d1Buyer's Market
Townhouse44$979,31124d315Balanced Market
Triplex0Contact0d1Buyer's Market

24-Month Trend

Coquitlam & Port Coquitlam & Port Moody 24-month real estate market trend — homes sold, average sold price, days on market, and price per square foot. Data through August 2024.
MonthSoldAvg PriceAvg DOMAvg $/sqft
Aug16$958,28127d$432,229
Jul242$1,013,25536d$491,610
Jun288$1,038,30233d$540,997
May315$1,075,18528d$529,644
Apr306$1,038,58032d$511,280
Mar294$971,05729d$457,751
Feb240$1,044,51334d$557,413
Jan206$1,036,90338d$511,284
Dec173$1,029,36445d$483,542
Nov250$994,93741d$480,938
Oct296$1,040,64337d$515,476
Sep276$1,043,15936d$552,395
Aug265$1,133,07231d$565,763
Jul304$1,024,68133d$521,964
Jun318$1,113,74229d$558,437
May301$1,093,31227d$569,738
Apr295$1,068,05819d$573,652
Mar357$1,031,45022d$525,761
Feb251$1,069,74725d$531,147
Jan286$1,049,05735d$496,040
Dec170$1,105,39351d$531,516
Nov260$1,070,41532d$543,859
Oct354$1,077,34932d$514,146
Sep346$1,029,40526d$485,615

View by Property Type

Drill into August 2024 market data for a specific property type — each page includes type-filtered stats, trend data, and FAQs.

More Reports

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August 2024 — Frequently Asked

How did the Coquitlam & Port Coquitlam & Port Moody real estate market perform in August 2024?+
In August 2024, 260 homes sold in Coquitlam & Port Coquitlam & Port Moody at an average price of $1,035,596, with properties spending an average of 32 days on the market at $546,967 per square foot. Conditions were roughly balanced between buyers and sellers.
What does the absorption rate mean for Coquitlam & Port Coquitlam & Port Moody in August 2024?+
Coquitlam & Port Coquitlam & Port Moody has a sales-to-active listings ratio (SALR) of 7.8%, sitting in balanced market territory (12–20%). Neither buyers nor sellers hold a strong advantage — homes are selling at a measured pace and sale prices tend to land close to the asking price.
What does the August 2024 market mean for buyers in Coquitlam & Port Coquitlam & Port Moody?+
August 2024 presented Coquitlam & Port Coquitlam & Port Moody buyers with a balanced environment — enough selection to find the right home without the pressure of a full seller's market. Financing approvals and thoughtful offers at or near list price remained effective strategies for securing a home.
What does the August 2024 market mean for sellers in Coquitlam & Port Coquitlam & Port Moody?+
August 2024 offered Coquitlam & Port Coquitlam & Port Moody sellers a stable window — demand was steady and well-priced homes sold in a reasonable timeframe. Setting a realistic asking price based on recent comparable sales and presenting the home well remained the most effective approach.
How did August 2024 compare to July 2024 in Coquitlam & Port Coquitlam & Port Moody?+
Compared to July 2024, sales volume in Coquitlam & Port Coquitlam & Port Moody was down 5% (273 vs 260 homes sold) and the average sold price was down 4% to $1,035,596. Days on market increased from 25 to 32 days.
“

Randy tracked the market data so closely that we felt completely confident in our offer price. He knew South Surrey inside out — the right neighbourhoods, the right buildings, the right timing. Highly recommend.

— Sarah M., South Surrey buyer
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August 2024 Real Estate Market Report — Coquitlam & Port Coquitlam & Port Moody | Nav Shahram | Nav Shahram & Reza Hedayat