{"id":1296,"date":"2022-03-14T12:45:00","date_gmt":"2022-03-14T19:45:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/realtor-rod-rhea-ryan-hayes-neighbourhood-poco-port-coquitlam-sales-demand-stock-supply-increase-royal-lepage-2022-sterling-hot-housing-record-sellers-average-asking-price-active-market-ensuite-bedroo\/"},"modified":"2026-04-08T09:24:04","modified_gmt":"2026-04-08T16:24:04","slug":"realtor-rod-rhea-ryan-hayes-neighbourhood-poco-port-coquitlam-sales-demand-stock-supply-increase-royal-lepage-2022-sterling-hot-housing-record-sellers-average-asking-price-active-market-ensuite-bedroo","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/realtor-rod-rhea-ryan-hayes-neighbourhood-poco-port-coquitlam-sales-demand-stock-supply-increase-royal-lepage-2022-sterling-hot-housing-record-sellers-average-asking-price-active-market-ensuite-bedroo\/","title":{"rendered":"Port Coquitlam Sales February 2022 vs 2021- Detached Homes Break 1.5"},"content":{"rendered":"<pre style=\"text-align: center;\">Benchmark prices are up across the board in Port Coquitlam between 22.3-35.8% over thier 2021 counterparts.<br \/> The February benchmark for detached homes was $407,000 higher than its 2021 counterpart. <br \/><br \/><strong>February marks a new benchmark high for detached homes in Port Coquitalm as sale prices see a massive 30-day increase of $94,500<br \/>Detached homes break $1,500,000 for the first time.<br \/><\/strong><span style=\"text-decoration: underline;\"><br \/><\/span><br \/>February marks the sixth consecutive month that detached homes have set a new all time price record.<br \/>In the last sixth months detached homes have increased an average of $277,200.<br \/><br \/> <br \/>Detached home benchmark pricing:<br \/><br \/>July 2021: $1,241,000<br \/>August:$1,249,300<br \/>September: $1,265,400<strong><br \/><\/strong>October: $1,289,000<strong><br \/><\/strong>November: $1,323,500<br \/>December: $1,365,200<br \/>January2022: $1,448,100<br \/>February: $1,542,600<br \/><br \/><\/pre>\n<pre style=\"text-align: center;\"><span style=\"text-decoration: underline;\">While supply is increasing month over month, the market is faced with a shortage compared to the same time in 2021.<br \/>This shortage is still fueling a rapid price increase for all markets in the Tri City area.<\/span><\/pre>\n<pre style=\"text-align: center;\"><br \/>Compared to the same time last year supply was down between 34.3-51.9%<\/pre>\n<p style=\"text-align: center;\">Supply has now risen across the board for two consecutive months, indicating that the market is beginning to edge towards a balance.<br \/>Detached homes saw a 27% increase in supply over the last 30 days. <br \/>Condos saw a massive 72% increase, and townhouse supply saw a 86% increase in active listings.<\/p>\n<p>Townhouse benchmark prices took a large leap forward in February for the first time since their sizable March 2021 price jump.<\/p>\n<p style=\"text-align: center;\"><strong>Townhouse sales prices increased an average of $69,200 in the last 30 days.<br \/><\/strong>Prices may be beginning to close the large gap that has formed between townhomes and detached homes and a series of prices jumps may be on the way.<\/p>\n<pre style=\"text-align: center;\"><br \/>July: $795,300<br \/>August: $797,700<br \/>September: $814,100<br \/>October: $812,800<br \/>November: $826,500<br \/><strong>December: $850,300<br \/><\/strong>January: $870,100<br \/><strong>February: $939,300<\/strong><br \/><br \/>All time high prices across the board. Increasing supply. High demand. And predicted future increases.<br \/><br \/><\/pre>\n<p><img decoding=\"async\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/poco_t.jpg\" alt=\"poco t\" \/><\/p>\n<pre style=\"text-align: center;\">&nbsp;<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Benchmark prices are up across the board in Port Coquitlam between 22.3-35.8% over thier 2021 counterparts. The February benchmark for detached homes was $407,000 higher than &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1296","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\/1296","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=1296"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1296\/revisions"}],"predecessor-version":[{"id":3089,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1296\/revisions\/3089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media\/2370"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=1296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=1296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=1296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}