The local housing market remained steady throughout June, giving buyers more choice while well-priced homes continued to sell. Inventory remains healthy across all property types, creating balanced conditions compared to the highly competitive markets of the past few years.
Tri-Cities (Coquitlam • Port Coquitlam • Port Moody)
The Tri-Cities continued to see solid activity in June with 59 single-family home sales and an average sale price of $1.83 million. Townhomes averaged $979,236, while apartments and condos averaged $658,057. Homes took an average of 34 days to sell, and sellers achieved approximately 96% of their asking price. With 789 detached homes, 914 condos, and 295 townhomes currently on the market, buyers continue to benefit from increased selection.
Maple Ridge & Pitt Meadows
Maple Ridge and Pitt Meadows also experienced a balanced market in June. Detached homes averaged $1.63 million, townhomes averaged $751,089, and apartments/condos averaged $508,008. Homes spent an average of 41 days on the market, with sellers receiving about 97% of their list price. Inventory remains strong, with 631 detached homes, 193 condos, and 183 townhomes available, giving buyers more opportunities while rewarding sellers who price their homes competitively.
What This Means
Today’s market is offering opportunities for both buyers and sellers. Buyers have more inventory to choose from and a little more time to make informed decisions, while sellers who prepare their homes well and price strategically are continuing to achieve excellent results. If you’re curious about what your home is worth in today’s market—or wondering if now is the right time to make a move—we’re always happy to help.