{"id":1174,"date":"2022-11-11T07:00:00","date_gmt":"2022-11-11T15:00:00","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\/"},"modified":"2026-04-08T09:23:32","modified_gmt":"2026-04-08T16:23:32","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","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\/","title":{"rendered":"Coquitlam Sales October 2022 vs 2021- 30 Day Improvement"},"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 2021.<\/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 up across the board in Coquitlam between 5-7.8% over thier 2021 counterparts.<br \/><span style=\"text-decoration: underline;\">Despite the market downturn the market remains at a higher pricepoint than the same time last year.<\/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: +19.4%<br \/>Condo: +39.5% <br \/>Townhomes: +100%<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">A new market pattern may be beginning to emerge as supply increases; largely due to sellers who held off during the summer becoming active. <\/span><\/p>\n<pre style=\"text-align: center;\">However, when you compare supply to September 2022 there has been a minor 30-day dip in available properties.<br \/><br \/>When compared to September 2022:<br \/>Detached: 8 less listings in September<br \/>Condo: 12 less listingsin September<br \/>Townhouse: 11 less listings in September<\/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 decreased across the board:<br \/>Detached: -44%<br \/>Condo: -33.1% <br \/>Townhomes: -21.9%<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">Despite a much higher supply than 2021 the market remains slow compared to the same time last year as buyers continue to look 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 more active compared to September 2022: <br \/>Detached: 4 more sales than September<br \/>Condo: 35 more sales than September<br \/>Townhouse: 10 more 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 2021. When compared to September 2022 supply is down and sales are up.<\/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 positive growth.<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;\">October marks the sixth consecutive month that detached home&#8217;s benchmark pricing has fallen.<strong><br \/><\/strong><\/span><br \/>The rate of pricing decline has increased compared September, but decreased from its height. <br \/> The benchmark price for detached homes fell only $28,800 in the last 30 days: at its height the Coquitlam market saw a 30-day decline of $76,700.<br \/> The October benchmark for detached homes was now only $84,000 higher than its 2021 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<\/pre>\n<p style=\"text-align: center;\"><strong>In the last six months the becnchmark price for detached homes has fallen $211,400<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;\">The benchmark price for a townhome is now only 73,800 higher than the same time last year.<strong><br \/><\/strong><\/span><\/p>\n<pre style=\"text-align: center;\">Townhouse benchmark prices drcreased for the sixth consecutive month.<br \/>Townhouse benchmark pricing is down $17,400 in the last 30 days.<br \/>The rate of decrease is slowing 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<\/pre>\n<pre style=\"text-align: center;\"><strong>In the last six months the becnchmark price for detached homes has fallen $134,700<\/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 Contine to decrease, but at a slower rate.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: times new roman, times;\">&nbsp;<span style=\"font-size: 12px;\">Compared to 2021 the market is down, compared to September 2022 it is improving.<\/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<h3 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_u.jpg\" alt=\"coq u\" \/> <\/span><\/h3>\n<p><span style=\"font-size: 12px;\"><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":2347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1174","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\/1174","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=1174"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1174\/revisions"}],"predecessor-version":[{"id":2989,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1174\/revisions\/2989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media\/2347"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=1174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=1174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=1174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}