{"id":1125,"date":"2023-02-22T07:00:00","date_gmt":"2023-02-22T15:00:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/buyers-market-realtor-rod-rhea-ryan-hayes-neighbourhood-coquitlam-sales-stock-supply-interest-rates-increase-inflation-bank-mortgage-borrow-money-royal-lepage-family-deal-price-ensuite-bedrooms-1-1\/"},"modified":"2026-04-08T09:23:31","modified_gmt":"2026-04-08T16:23:31","slug":"buyers-market-realtor-rod-rhea-ryan-hayes-neighbourhood-coquitlam-sales-stock-supply-interest-rates-increase-inflation-bank-mortgage-borrow-money-royal-lepage-family-deal-price-ensuite-bedrooms-1-1","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/buyers-market-realtor-rod-rhea-ryan-hayes-neighbourhood-coquitlam-sales-stock-supply-interest-rates-increase-inflation-bank-mortgage-borrow-money-royal-lepage-family-deal-price-ensuite-bedrooms-1-1\/","title":{"rendered":"Coquitlam Sales January 2023 vs 2022- Rate Of Pricing Decrease Slows"},"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 0.9-6.6% over thier 2022 counterparts.<br \/><span style=\"text-decoration: underline;\">January marks the first time that detached homes, townhomes, and condos have all dropped below the previous years pricing.<br \/><\/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 substantially risen across the board:<br \/>Detached: +11.3%<br \/>Condo: +79.2% <br \/>Townhomes: +150%<\/p>\n<pre style=\"text-align: center;\">However, when you compare supply to December 2022 there has been more of a variable 30-day shift in available properties.<br \/><br \/>When compared to December 2022:<br \/>Detached: 2 less listings in January<br \/>Condo: 32 more listings in January<br \/>Townhouse: 10 more listings in January<\/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 dramatically across the board:<br \/>Detached: -57.1%<br \/>Condo: -54.3% <br \/>Townhomes: -73.3%<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">Despite a much higher supply than January 2022 the market remains slow as buyers continue be cautious and wait for a &#8216;deal&#8217;.<\/span><\/p>\n<p style=\"text-align: center;\">However when you look at sales from month-over-month perspective, the market has been much more fluid: <br \/>Detached: 11 less sales than December<br \/>Condo: 12 more sales than December<br \/>Townhouse: 10 less sales than September<\/p>\n<h4 style=\"text-align: center;\"><strong>Overall Market At A Glance:<\/strong><\/h4>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">Suppply is up and sales are down compared to January 2022. When compared to December 2022 supply\/sales are split.<\/span><strong><span style=\"text-decoration: underline;\"><br \/><\/span><\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Month-over-month the market is showing signs of settling.<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<h3 style=\"text-align: center;\"><strong>Detached Market Update:<\/strong><\/h3>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">January marks the ninth consecutive month that detached home&#8217;s benchmark pricing has fallen.<strong><br \/><\/strong><\/span><br \/>The rate of pricing decline has begun to drastically slow down. <br \/> The benchmark price for detached homes fell only $8500 in the last 30 days: the 30 day decline December-November 2022 was $30,000.<\/p>\n<p style=\"text-align: center;\">At its height the Coquitlam market saw a 30-day decline of $76,700.<\/p>\n<p style=\"text-align: center;\"> The January benchmark for detached homes was now only $119,700 higher than its 2022&nbsp; counterpart. <strong><br \/><\/strong><\/p>\n<h4 style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">Detached Home Benchmark Pricing:<\/span><\/strong><\/h4>\n<p style=\"text-align: center;\">&nbsp;<\/p>\n<pre style=\"text-align: center;\">April: $1,961,800 <br \/>May: $1,950,800<br \/>June: $1,874,100<br \/>July: $1,853,500<br \/>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<\/pre>\n<p style=\"text-align: center;\"><strong>In the last six months the becnchmark price for detached homes has fallen $154,600<span style=\"text-decoration: underline;\"><br \/><\/span><\/strong><span style=\"font-size: 12px;\"><strong><span style=\"text-decoration: underline;\"><br \/><\/span><\/strong><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 12px;\"><strong><span style=\"text-decoration: underline;\">&nbsp;<\/span><\/strong><\/span><\/p>\n<h3 style=\"text-align: center;\"><strong>Townhouse Market Update:<\/strong><\/h3>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong><span style=\"text-decoration: underline;\">The townhouse benchmark price is now $54,800 below January 2021. <\/span><\/strong><\/span><\/p>\n<p style=\"text-align: center;\"><strong>This is the second consecutive month prices have dipped below the previous year&#8217;s benchmark.<\/strong><span style=\"text-decoration: underline;\"><strong><br \/><\/strong><\/span><\/p>\n<pre style=\"text-align: center;\">Townhouse benchmark prices decreased for the ninth consecutive month.<br \/>Townhouse benchmark pricing is down only $2800 in the last 30 days.<br \/>The rate of decrease is continuing to slow month-over-month.<br \/><br \/><\/pre>\n<pre style=\"text-align: center;\">April: $1,149,300<br \/>May: $1,121,400<br \/>June: $1,086,500<br \/>July: $1,080,700<br \/>August: $ 1,058,500<br \/>September: $1,032,000<br \/>October: $1,014,600<br \/>November: $994,300<br \/>December: $978,400 <br \/>January: $975,600<\/pre>\n<pre style=\"text-align: center;\"><strong>In the last six months the becnchmark price for detached homes has fallen $105,100<\/strong><br \/><br \/><br \/><br \/><br \/><\/pre>\n<h3 style=\"text-align: center;\"><span style=\"text-decoration: underline;\">SNAPSHOT:<\/span><\/h3>\n<p style=\"text-align: center;\"><span style=\"font-family: times new roman, times; font-size: 12px;\">Prices decrease begins to slow.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: times new roman, times;\">&nbsp;<span style=\"font-size: 12px;\">Compared to January 2022 supply is up and sales are down. Compared to December 2022 the market is closer to balancing.<br \/><\/span><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 12px; font-family: times new roman, times;\"> Still A Buyers Market<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 12px; font-family: times new roman, times;\"><img decoding=\"async\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/coq_v.jpg\" alt=\"coq v\" \/> <\/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":2331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1125","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\/1125","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=1125"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1125\/revisions"}],"predecessor-version":[{"id":2957,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1125\/revisions\/2957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media\/2331"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=1125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=1125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=1125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}