{"id":1233,"date":"2022-07-13T06:45:00","date_gmt":"2022-07-13T13:45:00","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-5\/"},"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-5","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-5\/","title":{"rendered":"Port Coquitlam Sales June 2022 vs 2021- Prices Down"},"content":{"rendered":"

Benchmark prices are up across the board in Port Coquitlam between 19.2-20.8% over thier 2021 counterparts.


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

June marks the third consecutive month that detached home's benchmark pricing has fallen.
<\/strong><\/pre>\n
 The benchmark price for detached homes fell $89,800 in 30 days.<\/strong>

  However the June benchmark for detached homes was still $236,800  higher than its 2021 counterpart. 
<\/strong><\/span> 
Detached home benchmark pricing:

April: $1,538,600
May: $1,517,700 
June: $1,427,900

Despite supply having hit a peak in May, with 26 fewer listings in June, prices are still on the decline due to a uncertain future. <\/pre>\n

Supply:
<\/span><\/span><\/strong>
Compared to the same time last year supply is down accross the board:
Detached:  -13.4%
Condo: -12.9%
Townhouse: -6.1%

The condo market is the only segment that saw a supply increase in the last 30 days. <\/pre>\n
 <\/p>\n
Sales:<\/span><\/strong><\/span><\/p>\n
Compared to the same time last year sales decrease across the board.
Detached: -41.5%
Condo: -28.6%
Townhouse: -31%<\/p>\n
However, in the last 30 days sales have fluctuated as some buyers take advantage of lower prices.<\/p>\n
Detached homes saw 4 more sales in June compared to May and townhomes saw 3 additional sales.<\/p>\n
Condos however saw 4 less sales compared to May 2022.<\/p>\n
 <\/p>\n
 <\/p>\n
Townhouse Market:<\/strong><\/span><\/p>\n
The benchmark price for a townhome is $169,100 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,
bringing the prices back to March 2022 levels.

May: $1,019,000 
June: $980,300

Sales increase compared to May, but supply slumps. 

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 19.2-20.8% over thier 2021 counterparts.Detached Market:June marks the third consecutive month that detached home’s benchmark …<\/p>\n","protected":false},"author":2,"featured_media":2357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1233","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