Port Coquitlam Market:

November 2025 vs 2024 

Prices increase accross the board as supply continues downwards and sales remain steady

Detached homes  & townhouses may be turning a corner

Condos may have finally reached a balancing point.

Looking for an accurate picture of where the real estate market is headed?

  Today we dive in and take a deeper look at the Port Coquitlam market as a whole:

• A full overview & an in depth look at detached homes and townhouses. Both focusing on:

1. How statistics stack up to the previous month's activity.
2. Where we are standing compared to the same time period in 2024.
3. Larger market trends.

•••

Port Coquitlam Benchmark Price Overview:

1. Townhouse: After climbing $66,000 & peaking in May, pricing has taken a large step backwards. However, November was the first time in 6 months that the benchmark price increased. Even with November's bump the benchmark still sits below 900k for only the fourth time since March 2023 meaning 50% of the benchmarks time below 900k in over 2.5 years has been in the last 2 months. It has now dropped $62,800 since May.
2. Detached: After remaining stable for the first half of the year detached homes begun to trend downwards taking a big step backwards in both June and July. After three months of decreases yo-yo pricing began with September's small bump up. Followed by another sizeable decrease in October and a decent recovery in November.  Despite November's increase the benchmark has still dropped $61,800 since the February peak. If the yo-yo pattern continues December could trend downwards...but it remains to be seen if October was the bottom or if the benchmark will push down further.
3. Condo: Since July the condo market has been facing a massive shake-up. For four months it was under massive downwards pressure and November is the first time that we have seen a reprieve. The benchmark has decreased $40,600 since June.
1. The 2025 benchmark high was $645,400 back in January. November's benchmark is now $47,700 below the high.
2. Over the last five months the condo market has lost nearly 7% of its overall benchmark value, & in October it dropped below 600k for the first time since December 2022. 
3. The benchmark is currently the lowest is has been since February 2022. Sitting just $9,300 above that benchmark.
4. The benchmark has only dipped below $610,000 three times since March 2022, & it now seems firmly planted roughly 10k below that benchmark.
5. The benchmark is at a 45 month low.
6. Supply came down for the fourth month in a row. While the November drop was decent supply is still high. The last time the benchmark was this low there were 36 active listings on the market. There are currently 70 more listings than February 2022. 3 times the supply.
7. After a stellar number of sales in September both October and November has seen slight declines in sales numbers. But sales remain active, indicating that the lower price point is helping...but with supply so high is there still more room to come down?

 Port Coquitlam Market Snapshot (a review):

1. Over the last six months the real estate market in Poco has developed as follows:
1. The big story for June is the detached market’s benchmark price decrease; it was large and out of character for the year. The second shift would be narrowing supply & strengthening sales. Supply is still overblown compared to 2024 and sales are still minorly below the previous year. But June marks the first true month of correction in 2025. Buyers are assisting the market tighten.
2. July was busy. All three segments of the market experienced year-over-year and month-over-month sales increases. 2/3 of the market have returned to 2024 levels of supply...and all of this activity has come at the expense of a benchmark pricing decrease accross the board. 
3. As a whole August can be categorized by decreases. Supply dropped across the board while sales were nearly cut in half compared to July. The benchmark price for both townhouses and condos took a sizable hit while detached homes edged downwards after being hit hard in July.
4. The only unanimous change in September was that stale supply drove up days on market. Detached homes saw pricing level out, but sales plummet, and supply continue to balloon. Both condos and townhouses saw sales increases...but prices decrease.
5. Generally speaking, sales were strong in October, and supply and days on market saw minor decreases across the board. Attached homes saw pricing decreases continue which helped sales for townhouses, but condo sales dropped off. Detached homes saw prices drop below a 2-year low which boosted sales.
6. Relatively speaking November was a strong month. Benchmark prices increased across the board as supply decreased, and sales remained steady. But prices are historically low & supply remains inflated.

Year-over-year Comparison:

• June-August saw detached prices tumble in a very similar fashion to the 90-day decline between October & December of last year.
1. The last 3 months of 2024 saw the detached benchmark drop $77,400.
2. June-August saw the benchmark drop $55,400. 
1. While the 2025 summer decline was less aggressive than it was for year-end 2024 the current benchmark is still $20,800 below where it was in December 2024 right before it started to rebound. 
3. For the seventh month in a row the 2025 benchmark has dipped below what it was in 2024. The last time detached homes dipped below the previous year's benchmark was June 2023.
4. The last time the detached benchmark was this low was April 2023 when it was $1,339,000. The current detached benchmark is at a 31 month low.
5. Year-over-year October was over 7% below 2024 when November is only 2.3% below the previous year.  

• The townhouse market has now come full cirlce in a single year.

1. October 2024 saw the benchmark price dip below 900k for the first time since March 2023.
2. For the first 7 months of 2025 the townhouse market was the strongest pillar within Port Coquitlam
3. Then August saw townouses take their first real hit of 2025. A benchmark tumble of $27,300.
4. In the 60 days since then the benchmark has once again landed below 900k & in October it sat just $3,700 above the 2024 bottom-out.
5. Although the benchmark increased in November it also saw pricing dip below 2024 levels for the first time since August and the 4th time in 2025. 
6. Year-over-year sales down and supply is up. 

• After peaking in February 2024 the condo market levelled off for nearly a year and a half before taking a turn in July.

1. In Feb of 2024 the benchmark price was $650,200.
1. Until July 2025 the low point, over the last 17 months, was November 2024. 
2. Four of the last five months have marked new lowpoints for the condo market. Shattering 1.5 years of stability.
3. November's benchmark is $29,300 lower than Nov 2024. 
2. Now the benchmark is the lowest it has been since February 2022 when it was $588,400. A 45 month low. 
3. For the sixth month in a row active listings are down.
4. After seeing sales increase in September, after a dead-slow August, October cooled slightly and November held steady.
5. Sales are down 30% year-over-year with days on market up by nearly 60%. Active listings are up 7.1%, while prices have dropped 4% compared to November 2024.

Overall Supply & Sales Update:

 
Compared to the same time last year supply varies: 

• Detached: -4.9%
• Condo: +%7.1
• Townhouse: +22.5%

Supply is down when November is compared to October:

• Detached: 36 less listings than in October
• Condo: 13 less listings than in October
• Townhouse: 23 less listings than in October

Compared to the same time last year sales are down:

• Detached: -20%
• Condo: -30%
• Townhomes: -9.1%

Sales vary month over month (compared to October):

• Detached: 2 less sales than October
• Condo: 3 less sales than October
• Townhouse: 1 more sales than October

••• 

Detached Market Update:

1. November 2025 vs 2024 sees the detached benchmark price decrease by $31,600.
2. Starting in June the detached market turned. 
3. Since the 2025 peak in February the benchmark price has declined $61,800.
1. After taking a big dip down in October(-$12,400), the last 30 days saw the benchmark increase $9,300.
4. From January to May the benchmark was stable only fluctuating within a $19,000 window, but for four of the last five months the benchmark price has been the lowest it has been since April 2023.
5. The summer months really turned on the detached market as high supply and buyer reluctance finally weighed on sellers.
1. Both August and September saw low sales combined with record supply...October was a pivotal month and while buyers returned to the market they bump in sales drove the benchmark down even further. 
2. In order for the market to stabilize we need supply to continue to trend downwards and buyer interest to remain even keeled. 
3. October was an important month for the market, and a renewed increase in sales helped supply shrink...but it did so at teh expense of the benchmark price.
4. November was a balancing month, prices nearly recovered from the October drop back to September levels and supply continued downwards while sales remained steady.
5. The question now becomes will winter months reduce buyer interest and bring prices down as supply becomes stale or will sales remain unseasonably strong and hold the benchmark where it is? 

Detached Home Benchmark Pricing:

1. November: $1,390,300
2. December: $1,379,500
3. January: $1,401,100
4. February: $1,420,500
5. March: $1,418,500
6. April: $1,408,900
7. May:  $1,412,000
8. June: $1,382,900
9. July: $1,359,500
10. August: $1,356,600
11. September: $1,361,800
12. October: $1,349,400
13. November: $1,358,700

•••

Townhouse Market Update:

1.  The townhouse market has now come full circle. October 2024 was the benchmark low for last year, and October 2025 stands as the benchmark low for this year.
1. In the run up to October 2024 the benchmark price dropped $69,800 in just 60 days resulting in a rare sub 900k benchmark.
2. October 2025 was the result of a 5 month decline after peaking in May and it also marks a return to the $800,000s.
3. When the benchmark dropped under 900k in October 2024 it rebounded in November...this year the benchmark has remained under 900k for a second month.
4. For a second month in a row supply reduced and sales increased...both traditional signs of an increasing market...but it was not enough to drive the benchmark above 900k...just enough to stabalize the downturn. 
2. Between February and July the townhouse market was rock solid with the benchmark never fluctuating more than $6,700 in a 30-day period.
1. Both April & May saw back-to-back benchmark peaks for 2025. 
3. Real benchmark decline started in August with a $27,300 reduction in 30 days.
4. In September the decline slowed showing signs of balance as a spike in sales leveled the playing feild. But supply remained higher and other sellers felt pressure to reduce in order to sell which resulted in October's drop off. 
5. Now the benchmark price is 4.3% below November 2024 and the lowest benchmark since Fenruary 2023, a 33 month low. 
6. Six of the last 12 months have seen the benchmark price below the previous year.
7. Even with its pricing decline for 9 months of 2025 townhouses were the best performing segment of the market in Port Coquitlam. 
1. In September the townhouse market showed increasing month-over-month sales and a relatively stable price/supply.
2. The one saving grace for the townhouse market during October and November hass been decreasing supply. Home's have been selling without many new listings to replace them. If this continues it may allow prices to rebound further. 
8. The main question now...has the benchmark price reached its bottom? Or was the November increase a one-off? Supply and buyer activity during the holiday market will determine if there is further to fall or we have started a new cycle.

Townhouse Benchmark Pricing:

1. November: $933,200
2. December:$940,700
3. January: $924,200
4. February: $950,000
5. March: $950,700 
6. April: $955,400
7. May: $956,300
8.  June: $949,600
9. July: $945,200 
10. August: $917,900
11. September: $913,800
12. October: $884,300
13. November: $893,500

 

Summary:

Port Coquitlam’s real estate market showed its strongest signs of stabilization yet in November, with benchmark prices rising across all housing types, supply continuing to ease, and steady sales helping the market inch toward balance. After six months of volatility, November marked a meaningful shift—hinting that both buyers and sellers may finally be finding firmer footing heading into winter.

Detached homes posted a notable recovery after October’s drop. The benchmark climbed to $1,358,700, reclaiming much of the prior month’s decline. While prices still sit $61,800 below February’s peak, the combination of lower supply and consistent sales suggests the segment may be leaving its summer trough behind. Momentum is still cautious, but November marked the clearest improvement in months.

Townhouses also took a step toward stabilization. After five months of decline and October’s dip into the high-$800s, November brought the first benchmark increase since spring. At $893,500, values remain well below May’s high, but two straight months of falling supply and steady buyer activity indicate the market may be working through its excess inventory. Historically, rebounds have followed when pricing slips below $900,000—raising the possibility that a turning point is near.

Condos experienced their first relief in five months after a steep correction dating back to July. Though the benchmark is still at a 45-month low and nearly $48,000 below January’s high, November’s stabilization and improving demand signal that the segment may finally be forming a bottom. Supply is down for the fourth month in a row, but remains high enough that pricing could still see pressure if buyer activity softens over winter.

Taken together, November marked one of 2025’s most constructive months for PoCo. Prices rose, supply shrank, and sales held firm—a combination the market hasn’t seen in half a year at least. Conditions remain sensitive, especially for condos, but November offered the strongest indication yet that Port Coquitlam may be transitioning out of its correction phase and into a more balanced, steady winter market.

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