Real Estate Market Update for Burke Mountain, Coquitlam December 2024
For the 3rd month in a row, it was a Sellers market for both Townhomes and Detached Homes in Burke Mountain for December. Snapstats reported a total of 15 properties selling. Buyer momentum, which began picking up in November, continued on through December. We also saw inventory come off the market as many sellers removed their listing with plans to bring them back to the market in early 2025
Real Estate Sales in Burke Mountain, Coquitlam
For Detached Homes, there were 5 sales reported by Snapstats, with 23 active listings, and a 22% sales ratio.
The median sales price according to GVR stats was ($2,330,000) Two Million, Three Hundred and Thirty Thousand Dollars.
For Townhomes and Rowhomes, there were 10 sales reported by Snapstats, with 42 active listings, and a 24% sales ratio. Half of the sales were for homes in new developments.
The median sales price according to GVR stats was ($1,231,000) One Million, Two Hundred and Thirty One Thousand Dollars.
Market Statistics for Coquitlam
Overall in Coquitlam, Snapstats reported 11% of detached properties selling, with 35 total sales. This is up by 12% from Sales in December 2023. Inventory is down by about 25% from November, with 306 active listings reported for December 2024.
For attached properties, Snapstats reported 20% of condos and townhomes selling, with 85 total sales. This is almost identical to what sales were in December 2023.
Inventory for Burke Mountain Homes and Townhomes For Sale
There currently isn’t any new inventory for resale townhomes or detached properties in Burke Mountain. Most properties that have listed recently are relists that had been on the market for more than 2 months in 2024. If you’re thinking of selling, now might be a good time to list as the buyers are out there and new inventory is often well received.
New Presales In Burke Mountain For Townhomes and Homes
There are many new townhome developments coming to Burke Mountain with 3 new developments getting ready to sell this year. Versant, Culmena Living and Ridgewood will be offering 3-4 bedroom presale Burke Mountain townhomes.
If you would like to know the current market value for your property, are interested in purchasing a property in Burke Mountain, or have any questions about the market in general, please reach out to me directly.
Sources: Snapstats and REBGV
Work with the Top Selling Burke Mountain REALTOR®!*
Krista is the #1 Selling REALTOR® in Burke Mountain for combined sales on MLS® in 2022, 2023 and 2024, excluding sales by developer reps. Not only is she a Burke Mountain community expert, she also lives in this incredible community.
Krista is well connected with the residents of Burke Mountain, local Businesses and local Developers. She runs the Burke Mountain Businesses Facebook Group that started in 2014.
Krista has helped hundreds of families achieve their real estate goals, and strives to provide her Clients with a sophisticated and elevated level of service.
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