{"id":1319,"date":"2022-01-17T11:45:00","date_gmt":"2022-01-17T19:45:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-coquitlam-sales-stock-supply-reduced-royal-lepage-2022-sterling-hot-housing-record-sellers-average-asking-price-active-market-ensuite-bedrooms-kitchen\/"},"modified":"2026-04-08T09:24:07","modified_gmt":"2026-04-08T16:24:07","slug":"rod-rhea-ryan-hayes-neighbourhood-coquitlam-sales-stock-supply-reduced-royal-lepage-2022-sterling-hot-housing-record-sellers-average-asking-price-active-market-ensuite-bedrooms-kitchen","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-coquitlam-sales-stock-supply-reduced-royal-lepage-2022-sterling-hot-housing-record-sellers-average-asking-price-active-market-ensuite-bedrooms-kitchen\/","title":{"rendered":"Coquitlam Sales December 2021 vs 2020- Detached Homes Break $1,600,000"},"content":{"rendered":"
Benchmark prices are up across the board, between 16.8-25.1% over thier 2020 counterparts. <\/pre>\n

After breaking the $1,500,000 mark in June detached homes began to slow their rapid price increase. 
However, along with the rest of the Tri City area, October through December have seen a return to large monthly pricing increases.
Just six months after breaking $1,500,000 detached homes have surpassed the $1,600,000 mark. 

October saw a $22,500 increase over September's benchmark price. 
November saw $39,200 increase over October's benchmark price.
December saw a $38,3000 increase over November benchmark price.
In the last 60 days the benchmark price for detached homes has increased $77,500<\/strong>


December marks the 18th consecutive month over month increase for detached home pricing.

June: $1,501,800
July: $1,505,400
August: $1,508,600
September: $1,516,200
October: $1,538,700
November: $1,577,900
December: $1,616,200

December 2021 prices are $324,400 higher than November 2020.<\/strong>

<\/pre>\n
December was a slow month in terms of supply accross the board.
 The entire market saw a large decrease in supply compared to the same period in 2020: 40.5-85.1%

Stock is also down compared to November 2021, marking this the fourth consecutive month of steadly lowering supply:
 Detached: -68%
Condo: -271.2%
Townhouse: -670%


<\/pre>\n
Townhouse benchmark prices may not be increasing as rapidly as detached homes, but prices have been slowly creeping up since their May 2021 price jump:

April: $786,700
May: $833,900<\/strong>
June: $843,200
July: $847,300
August: $848,900
September: $863,600
October: $878,100
November: $890,100
December: $904,500

Townhouse benchmark pricing is $170,900 higher than the same time in 2020.<\/strong>
Townhouse prices have now increased for 16 consecutive months. 

<\/pre>\n
\"coq<\/p>\n
 <\/pre>\n","protected":false},"excerpt":{"rendered":"
Benchmark prices are up across the board, between 16.8-25.1% over thier 2020 counterparts. After breaking the $1,500,000 mark in June detached homes began to slow their …<\/p>\n","protected":false},"author":2,"featured_media":2375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1319","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