Port Coquitlam Sales November 2020 vs 2019 – Sellers market for detached homes and townhouses

Benchmark prices are up across the board in Port Coquitlam between 4.2-11.6% over thier 2019 counterparts. 
 Datached home prices have out-performed their previous years benchmark price for a full year; the November 2020 benchmark was $108,000 higher than its 2109 counterpart.
 This marks the seven consecutive month over month increase for 2020 detached home pricing;
April: $917,000
May: $921,900
June: $923,700
July: $980,000
August: $993,500
September: $1,017,900
October: $1,034,400
November: $1,039,300

Benchmark pricing has increased over $122,000 in just 7 months. 


Supply has shrunk between 48.7% & 56.9% for detached and townhouses respectively, while condo supply has increased 8.2% 
Sales of stand alone homes and townhouses have both increased 25%.



Single family detached homes continue to remain at the forefront of Port Coquitlam's market with perpetual pricing increases, and ever rising demand.
Stand alone homes in Port Coquitlam show the strongest pricing increase, based on percent increase over 2019 benchmark pricing, in the Tri City area for the fifth consequtive month 


Snap shot: Sellers market for detached homes and townhomes.
Single family homes in high demand.