Condos Market Report

February 2024 River Springs Condos Market

Condos market data for River Springs, Coquitlam — covering sales volume, pricing, and days on market for February 2024.

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Buyer's MarketRiver Springs condos is currently a buyer's market, with 10.1% sales-to-active listings ratio.
2
All Types Sold
$1.21M
Avg Sold Price
21d
Avg Days on Market
$1,209,950
Avg $/sqft

February 2024 River Springs Market Snapshot

All property types — historical MLS® data for River Springs in February 2024.

All Types Sold2
Avg Sold Price$1,209,950
Avg Days on Market21 days
Avg Price per ft²$1,209,950

River Springs Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
July 20261$1,205,00017d$602,500—
May 20262$1,247,50018d$911,750—
April 20261$990,000—$990,000Seller's
December 20251$1,360,00084d$1,360,000—
October 20252$1,185,00044d$867,500Seller's
August 20252$1,125,00076d$787,500Seller's

Frequently Asked Questions — River Springs Condos

How did the River Springs condos market perform in February 2024?+
February 2024 condos data for River Springs is being compiled. Check back soon or view the full River Springs market report.
What is the absorption rate for condos in River Springs?+
River Springs 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 River Springs?+
River Springs 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 River Springs market perform in February 2024?+
In February 2024, the River Springs real estate market (all property types) recorded 2 sales at an average price of $1,209,950, with properties averaging 21 days on market at $1,209,950 per square foot.
How did River Springs compare in February 2024 vs. January 2024?+
Compared to January 2024, overall River Springs sales volume was up 100% (1 vs 2 homes sold) and the average sold price was down 5% to $1,209,950.
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