{"id":1219,"date":"2022-08-16T10:00:00","date_gmt":"2022-08-16T17:00:00","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-4\/"},"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-4","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-4\/","title":{"rendered":"Port Coquitlam Sales July 2022 vs 2021- Prices &#038; Sales Down"},"content":{"rendered":"<pre style=\"text-align: center;\"><br \/>Benchmark prices are up across the board in Port Coquitlam between 13.4-17.1% over thier 2021 counterparts.<br \/><br \/><br \/><span style=\"text-decoration: underline; font-size: 14px;\"><strong>Detached Market:<\/strong><\/span><br \/><br \/><strong>July marks the fourth consecutive month that detached home's benchmark pricing has fallen.<br \/><\/strong>Although the rate of decline has slowed in the last month.<\/pre>\n<pre style=\"text-align: center;\"> The benchmark price for detached homes fell $32,400 in 30 days.<br \/><br \/>  However the July benchmark for detached homes was still $203,800  higher than its 2021 counterpart. <span style=\"font-size: 14px;\"><strong><br \/><\/strong><\/span> <br \/>Detached home benchmark pricing:<br \/><br \/>April: $1,538,600<br \/>May: $1,517,700 <br \/>June: $1,427,900<br \/>July: $1,395,500<\/pre>\n<pre style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\"><span style=\"font-size: 14px;\"><br \/>Supply:<br \/><\/span><\/span><\/strong><br \/>Compared to the same time last year supply for detached homes and condos have decreased:<br \/>Detached:  -7.6%<br \/>Condo: -12.9%<br \/>While townhouse listings have skyrocketed 80.8% potentially due to sellers trying to cash in as prices plummet.<br \/>&nbsp;<\/pre>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong><span style=\"font-size: 14px;\">Sales:<\/span><\/strong><\/span><\/p>\n<p>Compared to the same time last year sales decrease across the board.<br \/>Detached: -46.2%<br \/>Condo: -10.3%<br \/>Townhouse: -28.6%<\/p>\n<p style=\"text-align: center;\">Compared to June 2022 sales have decreased as cautious buyers wait for market patterns to solidify.<\/p>\n<p style=\"text-align: center;\">&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline; font-size: 14px;\"><strong>Townhouse Market:<\/strong><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">The benchmark price for a townhome is $107,900 higher than the same time last year.<strong><br \/><\/strong><\/span><\/p>\n<pre style=\"text-align: center;\">After spending two months over the million mark the benchmark price for townhouse's slipped back in to the $900,000 range.<br \/>The question is now how far it will decline. Will August see prices dip in to the $800,000 range?<br \/><br \/>May: $1,019,000 <br \/>June: $980,300<br \/>July: $915,000<br \/><br \/>Supply is increasing while sales decrease. <br \/><br \/><span style=\"text-decoration: underline;\"><span style=\"font-size: 14px;\"><strong>SNAPSHOT:<\/strong> <br \/><br \/><\/span><\/span><span style=\"font-size: 14px;\">Fluctuating supply. Decreasing Sales. Decreasing Prices. Buyers Market.<br \/><br \/><img decoding=\"async\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/poco_y.jpg\" alt=\"poco y\" \/> <br \/><\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Benchmark prices are up across the board in Port Coquitlam between 13.4-17.1% over thier 2021 counterparts.Detached Market:July marks the fourth consecutive month that detached home&#8217;s benchmark &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1219","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\/1219","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=1219"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1219\/revisions"}],"predecessor-version":[{"id":3028,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1219\/revisions\/3028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media\/2354"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=1219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=1219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=1219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}