{"id":1068,"date":"2023-05-10T07:00:00","date_gmt":"2023-05-10T14:00:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/pricing-increase-mary-hill-citadel-realtor-rod-rhea-ryan-hayes-neighbourhood-poco-port-coquitlam-sellers-market-sales-demand-supply-royal-lepage-rental-income\/"},"modified":"2026-04-08T09:23:27","modified_gmt":"2026-04-08T16:23:27","slug":"pricing-increase-mary-hill-citadel-realtor-rod-rhea-ryan-hayes-neighbourhood-poco-port-coquitlam-sellers-market-sales-demand-supply-royal-lepage-rental-income","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/pricing-increase-mary-hill-citadel-realtor-rod-rhea-ryan-hayes-neighbourhood-poco-port-coquitlam-sellers-market-sales-demand-supply-royal-lepage-rental-income\/","title":{"rendered":"Port Coquitlam Sales April 2023 vs 2022 &#8211; Detached Pricing Picks Up Speed"},"content":{"rendered":"<p><strong>Looking for an accurate picture of where the real estate market is headed?<\/strong><\/p>\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 start=\"1\">\n<ol start=\"1\">\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>&nbsp;<\/p>\n<p align=\"center\"><strong>Port Coquitlam Benchmark Price Overview:<\/strong><\/p>\n<p align=\"center\">April 2023 marked the third consecutive month that all three areas of the market have a lower benchmark price than the previous year.&nbsp; <br \/><strong><span style=\"text-decoration: underline;\"> However, April also marked the third consecutive month that all three segments of the market have shown month over month pricing increases.<\/span> <\/strong><\/p>\n<p align=\"center\">Condos are now 5.2% below April 2022 prices, and townhomes are 12.6% below the previous year.<span style=\"text-decoration: underline;\"><br \/> <\/span>Detached homes are 13.0% below April 2022 prices which is a 3.2% improvement over the gap between March 2023 &amp; 2022. The year-over-year gap is now under $200,000.<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\"><strong>Overall Supply Update:<\/strong><\/p>\n<p align=\"center\">&nbsp;<br \/> Compared to the same time last year supply has decreased across the board:<br \/> Detached: -38%<br \/> Condo: -8.8% <br \/> Townhomes: -21.1%<\/p>\n<p> When April 2023 supply is compared to March 2023:<br \/> Detached: 3 less listing than in March<br \/> Condo: 17 more listings than in March<br \/> Townhouse: 7 less listings than in March<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\"><strong>Overall Sales Update:<\/strong><\/p>\n<p align=\"center\"> Compared to the same time last year sales have taken a steep tumble across the board:<br \/> Detached: -44.4%<br \/> Condo: -12.8% <br \/> Townhomes: -54.5%<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">Compared to March 2023 sales maintained. They have fluctuated, but with no dramatic changes:<br \/> Detached:8 less sales than March<br \/> Condo: 12 more sales than March<br \/> Townhouse: 4 more sales than March<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\"><strong>Detached Market Update:<\/strong><\/p>\n<p align=\"center\"><strong>April marks the fourth consecutive time that prices for detached homes have increased month-over-month. <br \/><\/strong><\/p>\n<p align=\"center\"><span style=\"text-decoration: underline;\">It has now been 1\/3 of a year that pricing increases have persisted. A new market pattern of detached home pricing increases has arrived.<br \/><\/span><\/p>\n<p align=\"center\">In the last 30 days the benchmark price has increased $28,700.<br \/> In the last 60 days the benchmark price for detached homes has increased $57,000. <strong><span style=\"text-decoration: underline;\"><br \/><\/span><\/strong>Prior to the last 60 days pricing increases had been substantially smaller each month. Increases have only truly picked up since spring began.<\/p>\n<p align=\"center\"><strong><span style=\"text-decoration: underline;\">Detached Home Benchmark Pricing:<\/span><\/strong><\/p>\n<p align=\"center\"> September: $1,314,200<strong><span style=\"text-decoration: underline;\"><br \/> <\/span><\/strong>October: $1,313,100<strong><span style=\"text-decoration: underline;\"> <br \/> <\/span><\/strong>November: $1,282,600<span style=\"text-decoration: underline;\"> <br \/> <\/span>December: $1,277,000<span style=\"text-decoration: underline;\"><span style=\"text-decoration: underline;\"> <br \/><\/span><\/span>January: $1,279,200<span style=\"text-decoration: underline;\"><span style=\"text-decoration: underline;\"><span style=\"text-decoration: underline;\"><span style=\"text-decoration: underline;\"> <br \/><\/span><\/span><\/span><\/span><strong>February: $1,282,000 <span style=\"text-decoration: underline;\"><span style=\"text-decoration: underline;\"><br \/><\/span><\/span><\/strong>March: $1,310,300<span style=\"text-decoration: underline;\"><span style=\"text-decoration: underline;\"><span style=\"text-decoration: underline;\"><span style=\"text-decoration: underline;\"> <br \/><\/span><\/span><\/span><\/span><strong>April: $1,339,000<\/strong><br \/> <span style=\"text-decoration: underline;\"><span style=\"text-decoration: underline;\"><br \/> <\/span><\/span><strong><span style=\"text-decoration: underline;\"><br \/> <\/span><\/strong><\/p>\n<p align=\"center\"><strong>Townhouse Market Update:<\/strong><\/p>\n<p align=\"center\"><span style=\"text-decoration: underline;\">The benchmark price for a townhome is $129,800 lower than the same time last year, but $3200 higher than March 2022. <\/span><br \/> While the price increase over the last 30 days has been very marginal, in the last 60 days the benchmark price for detached homes has increased $16,900.<span style=\"text-decoration: underline;\"> <strong><span style=\"text-decoration: underline;\"><br \/><\/span><\/strong><strong><br \/> <\/strong><\/span><\/p>\n<p align=\"center\">April marks the fifth consecutive month that townhomes have seen a pricing increase; unlike detached homes pricing increases with townhomes have been much smaller, potentially hinting that the market is closer to stabilizing than it is with detached homes.<\/p>\n<p align=\"center\"><strong><span style=\"text-decoration: underline;\">Townhouse Benchmark Pricing:<\/span><\/strong><\/p>\n<p align=\"center\"> September: $910,400<br \/> October: $892,300 <br \/> November: $869,000 <br \/> December: $870,000<br \/> January: $879,100 <br \/> February: $884,700<br \/> March: $898,400 <br \/> April: $901,600<\/p>\n<p align=\"center\"><strong><span style=\"text-decoration: underline;\">SNAPSHOT:<\/span><\/strong><\/p>\n<p align=\"center\"><strong>Month over month the market continues to improve in 2023,&nbsp; &amp; detached homes take the lead in price increase.<\/strong><\/p>\n<p align=\"center\"><strong>Market pricing remains down year-over-year.<br \/><\/strong><\/p>\n<p align=\"center\"><strong>Supply is down month-over-month.<br \/><\/strong><\/p>\n<p align=\"center\"><strong><img decoding=\"async\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/poco_april.jpg\" alt=\"poco april\" \/> <\/strong><\/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":2310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Looking for an accurate picture of where the real estate market is headed? 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