{"id":1205,"date":"2022-09-13T06:30:00","date_gmt":"2022-09-13T13:30:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/mary-hill-citadel-realtor-rod-rhea-ryan-hayes-neighbourhood-poco-port-coquitlam-buyer-sales-demand-supply-decrease-prices-offer-royal-lepage-interest-rates-bank-mortgage-townhouse-ensuite-bedroom-ya-3\/"},"modified":"2026-04-08T09:23:32","modified_gmt":"2026-04-08T16:23:32","slug":"mary-hill-citadel-realtor-rod-rhea-ryan-hayes-neighbourhood-poco-port-coquitlam-buyer-sales-demand-supply-decrease-prices-offer-royal-lepage-interest-rates-bank-mortgage-townhouse-ensuite-bedroom-ya-3","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/mary-hill-citadel-realtor-rod-rhea-ryan-hayes-neighbourhood-poco-port-coquitlam-buyer-sales-demand-supply-decrease-prices-offer-royal-lepage-interest-rates-bank-mortgage-townhouse-ensuite-bedroom-ya-3\/","title":{"rendered":"Port Coquitlam Sales August 2022 vs 2021- Fluctuating Supply & Sales"},"content":{"rendered":"
Benchmark prices are up across the board in Port Coquitlam between 9.5-15% over thier 2021 counterparts.


Detached Market:<\/strong><\/span>

August marks the fifth consecutive month that detached home's benchmark pricing has fallen.
<\/strong>
The rate of pricing decline has more than doubled compared to July 2022. 
 The benchmark price for detached homes fell $67,400 in 30 days.

  However the August benchmark for detached homes was still $115,000  higher than its 2021 counterpart. 
<\/strong><\/span> 
Detached home benchmark pricing:

April: $1,538,600
May: $1,517,700 
June: $1,427,900
July: $1,395,500
August: $1,328,100

Supply:
<\/span><\/span><\/strong>
Compared to the same time last year supply for detached homes and condos have decreased:
Detached:  -1.1%
Condo: -19.4%
While townhouse listings have skyrocketed 87.5% potentially due to sellers trying to cash in as prices plummet.
 <\/pre>\n
Sales:<\/span><\/strong><\/span><\/p>\n
Compared to the same time last year sales decreased for both detached and condo listings:
Detached: -22.2%
Condo: -37.5%<\/p>\n
Townhouse sales increased by 14.3% when compared to August 2021 largly due to supply increase.<\/p>\n
Compared to July 2022 sales increased for detached and townhouse listings as buyers take advantage of declining prices: 
Detached: 7 more sales than July
Townhouse: 9 more sales than July<\/p>\n
Condo’s saw 10 less sales compared to July 2022. <\/p>\n
 <\/p>\n
Townhouse Market:<\/strong><\/span><\/p>\n
The benchmark price for a townhome is $83,400 higher than the same time last year.
<\/strong><\/span><\/p>\n
After spending two months over the million mark the benchmark price for townhouse's slipped back in to the $900,000 range.
The question is now how far it will decline. 

May: $1,019,000 
June: $980,300
July: $915,000
August: $905,500

Supplysaw a large decrease compared to July 2022.  

SNAPSHOT:<\/strong> 

<\/span><\/span>Fluctuating supply & sales. Decreasing Prices. Buyers Market.

\"poco 
<\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"
Benchmark prices are up across the board in Port Coquitlam between 9.5-15% over thier 2021 counterparts.Detached Market:August marks the fifth consecutive month that detached home’s benchmark …<\/p>\n","protected":false},"author":2,"featured_media":2353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1205","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