- \n
- How statistics stack up to the previous month’s activity.<\/li>\n
- Where we are standing compared to the same time period in 2021.<\/li>\n
- Larger market trends.<\/li>\n<\/ol>\n<\/ol>\n
<\/p>\n
Port Coquitlam Market Update Overview:<\/h3>\n
Benchmark prices are up across the board in Port Coquitlam between 6.9-11.7% over thier 2021 counterparts.
Despite the market downturn the market remains at a higher pricepoint than the same time last year.<\/span><\/p>\nOverall Supply Update:<\/h4>\n
Compared to the same time last year supply has risen across the board:
Detached: +16.7%
Condo: +8.1%
Townhomes: +21.4%<\/p>\nAs a new market pattern begins to emerge supply will increase as sellers who held off during the summer become active. <\/span><\/p>\n
Overall Sales Update:<\/h4>\n
Compared to the same time last year sales decreased across the board:
Detached: -57.9%
Condo: -40.5%
Townhomes: -45%<\/p>\nDespite a much higher supply than 2021 the market remains slow in terms of sales as buyers continue to look for a ‘deal’.<\/span><\/p>\n
Sales decreased month-over-month when compared to August 2022:
Detached: 12 less sales than August
Condo: 3 less sales than August
Townhouse: 13 less sales than August<\/p>\n<\/p>\n
Detached Market Update:<\/h3>\n
September marks the sixth consecutive month that detached home’s benchmark pricing has fallen.
<\/strong><\/span>
The rate of pricing decline has slowed compared August.
The benchmark price for detached homes fell only $13,900 in the last 30 days: $53,500 less than the previous monthly decline.<\/p>\nHowever the September benchmark for detached homes was still $85,000 higher than its 2021 counterpart.
<\/strong><\/p>\nDetached Home Benchmark Pricing:<\/strong><\/span><\/p>\n
April: $1,538,600
May: $1,517,700
June: $1,427,900
July: $1,395,500
August: $1,328,100
September: $1,314,200
<\/span><\/strong>
<\/span><\/strong><\/span><\/p>\nTownhouse Market Update:<\/h3>\n
The benchmark price for a townhome is $84,000 higher than the same time last year.
<\/strong><\/span><\/p>\nAfter spending two months over the million mark, and then decreasing for three months the benchmark price for townhomes has marginally increased.
May: $1,019,000
June: $980,300
July: $915,000
August: $905,500
September: $910,400
Sales saw a large decrease compared to August 2022.
<\/pre>\nSNAPSHOT:<\/span><\/h3>\n
Sales remain low. Supply increases. Buyers Market
<\/span><\/h3>\n![\"Port](\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/poco_26.jpg\" "\\"Real")
<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Looking for an accurate picture of where the real estate market is headed? Today we dive in and take a deeper look at the Port …<\/p>\n","protected":false},"author":2,"featured_media":2351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
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