{"id":1066,"date":"2023-05-12T07:00:00","date_gmt":"2023-05-12T14:00:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/sellers-market-price-increase-realtor-rod-rhea-ryan-hayes-neighbourhood-coquitlam-sales-supply-royal-lepage-investment-rental\/"},"modified":"2026-04-08T09:23:27","modified_gmt":"2026-04-08T16:23:27","slug":"sellers-market-price-increase-realtor-rod-rhea-ryan-hayes-neighbourhood-coquitlam-sales-supply-royal-lepage-investment-rental","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/sellers-market-price-increase-realtor-rod-rhea-ryan-hayes-neighbourhood-coquitlam-sales-supply-royal-lepage-investment-rental\/","title":{"rendered":"Coquitlam Sales April 2023 vs 2022- Detached &#038; Townhouse last 60 days see pricing jump"},"content":{"rendered":"<h2 style=\"text-align: left;\"><strong>Looking for an accurate picture of where the real estate market is headed?<\/strong><\/h2>\n<p>&nbsp; Today we dive in and take a deeper look at the Coquitlam market as a whole:<\/p>\n<ul>\n<li>A full overview &amp; an in depth look at detached homes and townhouses. Both focusing on:<\/li>\n<\/ul>\n<ol>\n<ol>\n<li>How statistics stack up to the previous month&#8217;s activity.<\/li>\n<li>Where we are standing compared to the same time period in 2022.<\/li>\n<li>Larger market trends.<\/li>\n<\/ol>\n<\/ol>\n<p style=\"text-align: left;\">&nbsp;<\/p>\n<h3 style=\"text-align: center;\"><strong>Coquitlam Market Update Overview:<\/strong><\/h3>\n<p style=\"text-align: center;\">Benchmark prices are down across the board in Coquitlam between 9.7-10.9% compared to thier 2022 counterparts.<br \/><span style=\"text-decoration: underline;\">April marks the first time in four months that the gap between 2022&#8217;s prices have reduced for both townhouses and condos. The detached gap is still rising.<br \/><\/span><\/p>\n<p style=\"text-align: center;\">Townhouse: <br \/>The March 2023 benchmark price was 11.1% below March 2022<br \/>The April 2023 benchmark price was 9.7% below March 2022<\/p>\n<p style=\"text-align: center;\">Condo: <br \/>The March 2023 benchmark price was 7.8% below March 2022<br \/>The April 2023 benchmark price was 6.6% below March 2022<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">&nbsp;<\/span><\/p>\n<h4 style=\"text-align: center;\"><strong>Overall Supply Update:<\/strong><\/h4>\n<p style=\"text-align: center;\">&nbsp;<br \/>Compared to the same time last year supply has decreased across the board:<br \/>Detached: -31.2%<br \/>Condo: -24.6% <br \/>Townhomes: -9.0%<\/p>\n<pre style=\"text-align: center;\">However, when you compare supply to March 2023 there has been more of a variable 30-day shift in available properties.<br \/><br \/>When compared to March 2023:<br \/>Detached: 6 less listings in April<br \/>Condo: 9 less listings in April<br \/>Townhouse: 9 more listings in April<\/pre>\n<h4 style=\"text-align: center;\"><strong>Overall Sales Update:<\/strong><\/h4>\n<p style=\"text-align: center;\">Compared to the same time last year sales have decreased across the board:<br \/>Detached: -23.9%<br \/>Condo: -33.1% <br \/>Townhomes: -2.9%<br \/>The gap between April 2023-2022 is much smaller than the gap between March 2023-2022. The market is showing signs of renewed growth.<\/p>\n<p style=\"text-align: center;\">However when you look at sales from a month-over-month perspective, the market shows signs of positivity and growth: <br \/>Detached: 8 more sales than March<br \/>Condo: 7 less sales than March<br \/>Townhouse: 9 more sales than March<\/p>\n<h4 style=\"text-align: center;\"><strong>Overall Market At A Glance:<\/strong><\/h4>\n<p style=\"text-align: center;\">While the market still lags behind where it sat at the same time in 2022 it is now showing signs of closing the gap and moving forward on positive footing.<strong><span style=\"text-decoration: underline;\"><br \/><\/span><\/strong><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">&nbsp;<\/span><\/strong><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">&nbsp;<\/span><\/strong><\/p>\n<h3 style=\"text-align: center;\"><strong>Detached Market Update:<\/strong><\/h3>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">April marks the third consecutive month that detached home&#8217;s benchmark pricing has risen after a nine month continuous decline.<strong><br \/><\/strong><\/span><br \/>The rate of pricing decline has begun to drastically slow down. <br \/> The benchmark price for detached homes increased $12,600 in the last 30 days. <br \/><strong>&nbsp;Over the last 60 days the benchmark price has increased $53,900.<\/strong><\/p>\n<p style=\"text-align: center;\">&nbsp;<br \/> Despite prices beginning to rise over the last three months the April benchmark for detached homes is still $213,900 below its 2022&nbsp; counterpart. <strong><br \/><\/strong>This is the fifth consecutive month that the benchmark price has been below is previous year&#8217;s counterpart.&nbsp;<strong> <br \/><\/strong><\/p>\n<h4 style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">Detached Home Benchmark Pricing:<\/span><\/strong><\/h4>\n<pre style=\"text-align: center;\">August: $1,794,700<br \/>September: $1,779,200<br \/>October: $1,750,400 <br \/>November: $1,728,400<br \/>December: $1,698,400<br \/>January: $1,689,900 <br \/><strong>February: $1,694,000<\/strong><br \/>March: $1,735,300<br \/><strong>April: $1,747,900<br \/><br \/><\/strong><\/pre>\n<h3 style=\"text-align: center;\"><strong>Townhouse Market Update:<\/strong><\/h3>\n<p style=\"text-align: center;\">The townhouse benchmark price is now $111,700 below April 2022.<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">This is the fifth consecutive month that prices have dipped below the previous year&#8217;s benchmark, but the third consecutive month of monthly pricing increases.<strong><br \/><\/strong><\/span><\/p>\n<pre style=\"text-align: center;\"><br \/>Townhouse benchmark pricing has increased $20,700 in the last 30 days.<br \/>The rate of increase seems to be growing as the previous 30 day jump (February to March) was only $17,000. <br \/><strong>Over the last 60 days the benchmark price has increased $37,700.<\/strong><\/pre>\n<pre style=\"text-align: center;\"><br \/>October: $1,014,600<br \/>November: $994,300<br \/>December: $978,400 <br \/><strong>January: $975,600<\/strong> <br \/>February: $999,900<br \/>March: $1,016,900<br \/><strong>April: $1,037,600<br \/><br \/><\/strong><span style=\"text-decoration: underline;\">The benchmark price has now surpassed where it was 6 months ago.<strong><br \/><br \/><br \/><\/strong><\/span><\/pre>\n<h3 style=\"text-align: center;\"><span style=\"text-decoration: underline;\">SNAPSHOT:<\/span><\/h3>\n<p style=\"text-align: center;\">2023 has now proven a trend of pricing increases<\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: times new roman, times;\">&nbsp;<span style=\"font-size: 12px;\">Compared to April 2022 supply both supply and sales are down. Compared to March 2023 there has been only minor fluctuations.<br \/><\/span><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Sellers market.<\/strong><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 12px; font-family: times new roman, times;\"><img decoding=\"async\" title=\"Coquitlam April Real Estate Market\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/coq_pic.jpg\" alt=\"Coquitlam April Real Estate Market\" \/> <br \/> <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looking for an accurate picture of where the real estate market is headed? &nbsp; Today we dive in and take a deeper look at the Coquitlam &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-area-statistics"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/comments?post=1066"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1066\/revisions"}],"predecessor-version":[{"id":2928,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1066\/revisions\/2928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media\/2309"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=1066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=1066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=1066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}