{"id":1216,"date":"2022-08-20T07:30:00","date_gmt":"2022-08-20T14:30:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/realtor-rod-rhea-ryan-hayes-neighbourhood-coquitlam-sales-stock-supply-decrease-interest-rates-bank-mortgage-borrow-money-slow-royal-lepage-2022-family-sellers-asking-price-market-ensuite-bedrooms-kit\/"},"modified":"2026-04-08T09:23:32","modified_gmt":"2026-04-08T16:23:32","slug":"realtor-rod-rhea-ryan-hayes-neighbourhood-coquitlam-sales-stock-supply-decrease-interest-rates-bank-mortgage-borrow-money-slow-royal-lepage-2022-family-sellers-asking-price-market-ensuite-bedrooms-kit","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/realtor-rod-rhea-ryan-hayes-neighbourhood-coquitlam-sales-stock-supply-decrease-interest-rates-bank-mortgage-borrow-money-slow-royal-lepage-2022-family-sellers-asking-price-market-ensuite-bedrooms-kit\/","title":{"rendered":"Coquitlam Sales July 2022 vs 2021- Decreasing Sales &#038; Prices"},"content":{"rendered":"<pre style=\"text-align: center;\">Benchmark prices are up across the board, between 12.5-18.7% over thier 2021 counterparts. <br \/><br \/><\/pre>\n<pre style=\"text-align: center;\"><span style=\"text-decoration: underline; font-size: 14px;\"><strong>Detached Market:<\/strong><\/span>&nbsp;<\/pre>\n<pre style=\"text-align: center;\">The June benchmark for detached homes was $265,400 higher than its 2021 counterpart.<\/pre>\n<pre style=\"text-align: center;\"><br \/>July marks the third consecutive month (&amp; 3rd time in just over two years) that detached home's benchmark pricing has dropped.<br \/>Following the rest of the Tri City area July's pricing decline has slowed its rate compared to May and June.<br \/>It decreased a substantial $20,600 in the last 30-days. <br \/><br \/><br \/>April: $1,961,800 <br \/>May: $1,950,800<br \/>June: $1,874,100<br \/>July: $1,853,500<br \/><strong><span style=\"text-decoration: underline;\"><span style=\"font-size: 14px;\"><br \/>Supply:<\/span><\/span><\/strong><strong><span style=\"text-decoration: underline;\"><span style=\"font-size: 14px;\"><br \/><\/span><\/span><\/strong><\/pre>\n<pre style=\"text-align: center;\">In July detached homes saw 32 less listings than June 2022, and a 13.9% decrease over the same time last year.<br \/>Condos saw 8 fewer listings than June 2022, and a 9.8% supply increase over July 2021.<br \/>Townhouses saw 2 fewer listings than July 2022. However, supply is up 5.6% compared to July 2021.<\/pre>\n<pre style=\"text-align: center;\"><strong><br \/><br \/><span style=\"text-decoration: underline;\"><strong><span style=\"font-size: 14px;\">Sales:<\/span><\/strong><\/span><br \/><br \/><\/strong>Sales saw for condos and townhouse's saw a massive decrease compared to both June 2022 and July 2021.<br \/>Deteched homes saw a small increased compared to June 2022, but a large decrease compared to the same time last year.<strong><br \/><\/strong>Compared to the same time last year sales are down between 49.3-55.8%<\/pre>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline; font-size: 14px;\"><strong>Townhouse Market:<\/strong><\/span><\/p>\n<pre style=\"text-align: center;\"><strong>Townhouse benchmark prices drcreased for the third consecutive month.<\/strong><br \/>Townhouse benchmark pricing is down $5,800 in the last 30 days,<br \/><br \/>April: $1,149,300<br \/>May: $1,121,400<br \/>June: $1,086,500<br \/>July: $1,080,700<br \/><br \/><strong>Townhouse benchmark pricing is $170,200 higher than the same time in 2021.<\/strong><br \/><br \/><br \/><\/pre>\n<pre style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><span style=\"font-size: 14px;\"><strong>SNAPSHOT:<\/strong> <br \/><br \/><\/span><\/span><span style=\"font-size: 14px;\">Decreasing Sales. Decreasing Prices. Buyer's Market.<\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Benchmark prices are up across the board, between 12.5-18.7% over thier 2021 counterparts. Detached Market:&nbsp; The June benchmark for detached homes was $265,400 higher than its &hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1216","post","type-post","status-publish","format-standard","hentry","category-area-statistics"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1216","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=1216"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1216\/revisions"}],"predecessor-version":[{"id":3026,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1216\/revisions\/3026"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=1216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=1216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=1216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}