Tri-Cities Attached Market Update: Inventory Surges as Prices Remain Soft

Tri City Attached Home Review Comparison:

The Tri-Cities—made up of Coquitlam, Port Coquitlam, and Port Moody, along with the neighbouring villages of Anmore and Belcarra—form one of Metro Vancouver’s most desirable regions to call home. Together, these five connected communities in the northeast sector of the Lower Mainland are home to roughly 234,000 residents who enjoy an exceptional balance of urban energy and natural serenity.

From the forested trails of Burke Mountain to the shoreline parks of Port Moody, the Tri-Cities offer a lifestyle defined by variety and connection. It’s a region rich in culture, framed by mountain and water views, and continually evolving with new amenities, schools, and vibrant neighbourhood hubs. Whether you’re drawn to family-friendly streets, outdoor adventure, or an easy commute into the city, the Tri-Cities deliver it all—making this one of the most rewarding places in Greater Vancouver to find your next home.

  • All statistics below were gathered on June 15th and compared with February 26th meaning the findings represent the markets overall shift in the last 109 days.

Click Here for February 26th attached statistics comparison to December 5th

Coquitlam

The Story: More Choice, Steady Prices, Active Buyers.

•••

Number of attached listings;

  • Port Coquitlam: 237 (up 65)
  • Coquitlam: 875 (up 160)
  • Port Moody: 220 (up 24)
  1. While the year had a slow start with variable supply fluctuations, in our February update shifts were between 5-7%, supply increases have returned.
  2. Port Coquitlam got an early start with new listings starting early. In February it was the only area to see a supply increase.
  3. However, with spring the market has become awash with new listings. Yes, buyer activity remains strong, but there are far more new listings than sales.
  4. Since our last update just over 100 days ago supply has increase throughout the Tri City area between 10.9% & 27%.

•••

List Price:

Port Coquitlam:

  • High – $1,531,000 (2024 half duplex)
  • Low – $329,000
  • Average -$717,703 (up $928)
  • Median – $658,888 (down $3,388)

Coquitlam:

  • High – $2,299,900 (3bed penthouse)
  • Low – $288,888
  • Average -$790,151 (down $28,125)
  • Median – $729,000 (down $15,900)

Port Moody:

  • High – $2,549,000 (3 bed, 3 floor penthouse)
  • Low – $385,000
  • Average -$839,546  (up$18,588)
  • Median – $769,000 (down $20,949)
  1. For our last two updates both the median and average price was down across the Tri City area.
  2. While the median continues to decrease across all three cities both Port Coquitlam and Port Moody saw their average price increase.
  3. Just as our last two updates indicated, the message remains the same, attached homes are selling but—almost always—at a lower price as the market continues to slowly trend downwards.
  4. The only true increase was to Port Moody’s average which can be greatly affected by a few luxury listings.
  5. Oversupply is still a problem.

Rocky Point Port Moody

•••

Days on Market:

Port Coquitlam:

  • High –  707
  • ​​Low – 0
  • Average – 61 (up 1)
  • Median – 41 (up 3)

Coquitlam:

  • High –  1551
  • ​​Low – 0
  • Average – 64 (down 2)
  • Median – 43 (up 5)

Port Moody:

  • High –  419
  • ​​Low – 0
  • Average – 48 (up 6)
  • Median – 33 (up 3)
  1. Last update both the median and average days on market marginally decreased across the Tri City area.
  2. Just over 100 days later and the stats, while mixed, remain largely the same. There has not been a change significant enough one way or the other to warrant any real trend.
  3. Most homes have been sitting on the market for roughly 6-8 weeks.
  4. With such large supply increases this update, and with summer quickly approaching, we may see days on market increase during out next update.

poco drone b

••• 

Overview:

More listings, modest adjustments — More than three months after our last review, the Tri-Cities attached market has entered its busiest stretch of the year. Inventory has climbed sharply across all three cities, pricing remains under gentle downward pressure, and buyers continue to participate — just with plenty of choice and little urgency.

Supply surges higher – After a relatively stable start to the year, new listings have arrived in force this spring. Every city has seen inventory increase, with active listings rising between 10% and 27% over the past 109 days. Buyer activity remains healthy, but it simply hasn’t been enough to absorb the pace of new supply entering the market, leaving conditions increasingly competitive for sellers.

Prices remain soft but stable – Median prices have declined across all three communities for a third consecutive update, reinforcing the market’s gradual downward trend. Average prices in Port Coquitlam and Port Moody have edged higher, though those increases appear largely influenced by product mix and several higher-end listings rather than broad-based appreciation. Overall, attached values continue to adjust modestly as elevated inventory keeps pricing sensitive.

Selling timelines largely unchanged – Despite the substantial increase in supply, days on market have shown remarkably little movement. Average and median selling times remain within a narrow range across the region, with most attached homes currently sitting six to eight weeks. The lack of meaningful change suggests buyers remain active, even as they become increasingly selective.

A market defined by choice – The attached segment continues to find balance between steady demand and expanding inventory. Buyers remain firmly in control of negotiations thanks to abundant selection and limited pressure to act quickly. While pricing hasn’t seen any dramatic correction, oversupply continues to cap upward momentum, leaving the market stable but favouring patience and careful positioning as summer begins.

••• 

Click here to keep track of sold properties in the area.

Helping You Find the Right Fit…

Whether you’re hoping to be in a specific school catchment, close to transit, steps from nature, or tucked away in a quiet rural setting, we’re here to help you find the right match.

Simply tell us what matters most—your ideal neighbourhood, home style, and must-have features—and we’ll proactively monitor the market on your behalf. When the right home becomes available, you’ll be the first to know.

With our deep local expertise and hands-on approach, you can move forward with confidence. We’re here to handle the details, so you can focus on what’s next.

 

Why Work With R3 Hayes Real Estate Group in Today’s Market?

R3 Hayes Real Estate Group

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Ryan: 604-561-2127