Townhouses Market Report

August 2024 River Springs Townhouses Market

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

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Buyer's MarketRiver Springs townhouses is currently a buyer's market, with 10.1% sales-to-active listings ratio.
1
All Types Sold
$1.33M
Avg Sold Price
7d
Avg Days on Market
$665,000
Avg $/sqft

August 2024 River Springs Market Snapshot

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

All Types Sold1
Avg Sold Price$1,330,000
Avg Days on Market7 days
Avg Price per ft²$665,000

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 Townhouses

How did the River Springs townhouses market perform in August 2024?+
August 2024 townhouses data for River Springs is being compiled. Check back soon or view the full River Springs market report.
What is the absorption rate for townhouses in River Springs?+
River Springs 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 River Springs?+
River Springs 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 River Springs market perform in August 2024?+
In August 2024, the River Springs real estate market (all property types) recorded 1 sales at an average price of $1,330,000, with properties averaging 7 days on market at $665,000 per square foot.
How did River Springs compare in August 2024 vs. July 2024?+
Compared to July 2024, overall River Springs sales volume was down 50% (2 vs 1 homes sold) and the average sold price was up 31% to $1,330,000.
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