{"id":1308,"date":"2022-02-14T10:30:00","date_gmt":"2022-02-14T18:30:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-mary-hill-poco-port-coquitlam-sales-stock-supply-reduced-royal-lepage-2022-sterling-hot-housing-record-sellers-average-asking-price-active-market-ensuite-bedrooms-kit\/"},"modified":"2026-04-08T09:24:04","modified_gmt":"2026-04-08T16:24:04","slug":"rod-rhea-ryan-hayes-neighbourhood-mary-hill-poco-port-coquitlam-sales-stock-supply-reduced-royal-lepage-2022-sterling-hot-housing-record-sellers-average-asking-price-active-market-ensuite-bedrooms-kit","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-mary-hill-poco-port-coquitlam-sales-stock-supply-reduced-royal-lepage-2022-sterling-hot-housing-record-sellers-average-asking-price-active-market-ensuite-bedrooms-kit\/","title":{"rendered":"Port Coquitlam Sales January 2022 vs 2021- Detached Homes Take A Staggering Leap"},"content":{"rendered":"<pre style=\"text-align: center;\">Benchmark prices are up across the board in Port Coquitlam between 20-32.3% over thier 2021 counterparts.<br \/> The January benchmark for detached homes was $353,700 higher than its 2021 counterpart. <br \/><br \/><strong>January marks a new benchmark high for detached homes in Port Coquitalm as sale prices see a massive 30-day increase of $82,900<br \/><\/strong><span style=\"text-decoration: underline;\"><br \/>A shortage of stock is fueling a rapid price increase for all markets in the Tri City area.<\/span><br \/><br \/>Detached homes benchmark pricing is now $195,100 above May's previous all time record high.<br \/>January marks the 7th month of pricing increases after prices took a significant dip, of $20,200, in June <br \/><br \/> <br \/>Detached home benchmark pricing:<br \/><br \/><strong>May2021: $1,253,000<\/strong><br \/>June: $1,232,800<br \/>July: $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<strong><br \/>January2022: $1,448,100<\/strong><br \/><br \/><\/pre>\n<pre style=\"text-align: center;\">With low stock continuing to plague the market, prices will likely to continue to trend upward at a steady pace.<br \/>Compared to the same time last year supply was down between 35.2-74.3%<\/pre>\n<pre style=\"text-align: center;\"><br \/>When compared to December 2021, supply has shown signs that it is beginning to break its downward trend.<br \/>Detached homes saw a 16% increase in supply over the last 30 days. <br \/>Condos saw a 12% increase, and townhouse supply saw a 40% increase in active listings (from 5 to 7).<br \/><br \/><br \/>Even with record low supply the market remains very busy, with sales numbers nearly identical to January 2021.<br \/>This means homes-mostly-sell without fail in multiple offers. <br \/><br \/><br \/>Townhouse benchmark prices have been slowly creeping up since their March 2021 price jump. <br \/>After six months of trending upwards prices leveled in October before seeing another price bump in December, and steady growth in January.<br \/><br \/>February: $697,600<br \/><strong>March: $753,600<\/strong><br \/>April: $774,700<br \/>May: $780,000<br \/>June: $790,900<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 \/><br \/>All time high prices across the board. Low 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_s.jpg\" alt=\"poco s\" \/><\/p>\n<pre style=\"text-align: center;\"> <br \/><br \/><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Benchmark prices are up across the board in Port Coquitlam between 20-32.3% over thier 2021 counterparts. The January benchmark for detached homes was $353,700 higher than &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1308","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\/1308","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=1308"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1308\/revisions"}],"predecessor-version":[{"id":3100,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1308\/revisions\/3100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media\/2371"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=1308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=1308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=1308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}