Housing Market Update Video for May, 2023

Coquitlam Realtor Krista Lapp Real Estate Market Update May 2023

This is your Real Estate Market update by Coquitlam REALTOR® Krista Lapp for sales in May, 2023 for Greater Vancouver.*

Cities included in Greater Vancouver are: Coquitlam, Port Moody, Port Coquitlam, New Westminster, Burnaby, Pitt Meadows, and Maple Ridge.

Last month we experienced another Seller’s market with 54% of properties selling. Multiple offers, subject-free offers, and offers over asking were frequently being received.

Total sales for May 2023 were 1,263. This is a 22% increase from last year, and a 20% increase from the previous month. The median sales price for a home in Greater Vancouver was $1,160,000.  This is a 3% decrease from last year, and a 3% increase from the previous month.

The total active listings last month was 2,352. This is a 15% decrease from last year, and a 9% increase from the previous month.

Detached Homes:

For detached homes throughout Greater Vancouver, it took on average nine days to sell. This is the same as the previous month.

Attached Homes:

For attached properties, which includes condos, town homes, and duplexes, it took nine days to sell. This is also the same as the previous month.



This current market is very favorable for Sellers with many property types seeing offers well above the listing price. As with the previous month, the majority of new properties listed are holding an offers in date and receiving multiple offers. Prices are nearly back to what they were a year ago. There was an interest rate increase of 0.25% on June 7th, to which the impact of this has yet to be felt in the marketplace.

If you have any questions about your specific Real Estate needs, or would like to know more about the market and how it impacts you, feel free to reach out to me directly.

*Source: SnapStats

Krista Lapp
Lapp Real Estate Group

(604) 725-2494
Keller Williams Elite Realty, Coquitlam, B.C.
Click HERE to view over 330 sold properties on REW.ca


About Krista:

Krista Lapp PREC* is a Licensed REALTOR® based in Coquitlam and living in Burke Mountain.

Creating valuable relationships and happy clients has always been at the heart of Krista’s beliefs.  With over 25 years of sales experience and being a successful entrepreneur, her level of professionalism, customer service, sales & marketing and integrity always result in exceptional client satisfaction.

With over 200 sales total from 2021-2022, Krista qualified as a President’s Medallion Club Member in 2021 and 2022 which recognizes the Top 1% of Real Estate Agents for sales out of over 14,000 in Greater Vancouver. In 2022, her team was #1 in ALL of Canada for dollar volume of sales with Keller Williams for Team Category, with over $118,000,000 in closed Sales Volume.

Born in Vancouver and raised in the Tri-Cities, Krista has experienced growing up and living in the Tri-Cities for decades. Krista knows Port Moody, Coquitlam and Port Coquitlam extensively and has loved seeing the changes and growth in these cities over the years.

Whether you are buying or selling, you can count on being represented with professionalism and integrity. Being a hands on, full time REALTOR® you’ll experience first class service, expert advice and outstanding results.  In addition, Krista has had years of professional experience and education in marketing online giving her a unique perspective in marketing homes in Coquitlam, Port Coquitlam, Port Moody, Burnaby, Pitt Meadows, Maple Ridge, New Westminster and the Lower Mainland.​

Krista has been rated the #1 Coquitlam Real Estate Agent in 2019-2022, #1 Port Coquitlam Real Estate Agent in 2022, as well as in the Top 100 Real Estate Agents in Canada for 2021 and 2022. RATE MY AGENT