{"id":1321,"date":"2022-01-14T09:45:00","date_gmt":"2022-01-14T17:45:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-poco-port-coquitlam-sales-stock-supply-reduced-royal-lepage-2022-sterling-hot-housing-record-sellers-average-asking-price-active-market-ensuite-bedrooms-kitchen-squar\/"},"modified":"2026-04-08T09:24:07","modified_gmt":"2026-04-08T16:24:07","slug":"rod-rhea-ryan-hayes-neighbourhood-poco-port-coquitlam-sales-stock-supply-reduced-royal-lepage-2022-sterling-hot-housing-record-sellers-average-asking-price-active-market-ensuite-bedrooms-kitchen-squar","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-poco-port-coquitlam-sales-stock-supply-reduced-royal-lepage-2022-sterling-hot-housing-record-sellers-average-asking-price-active-market-ensuite-bedrooms-kitchen-squar\/","title":{"rendered":"Poco Sales December 2021 vs 2020- Detached Homes Reach New Heights"},"content":{"rendered":"<pre style=\"text-align: center;\">Benchmark prices are up across the board in Port Coquitlam between 17.2-29.4% over thier 2020 counterparts.<br \/><br \/><strong> The December benchmark for detached homes was $310,200 higher than its 2020 counterpart.<\/strong> <br \/><br \/>December marks a new benchmark high for detached homes in Port Coquitalm as sale prices see a sizable 30-day increase of $41,700<strong><br \/><\/strong><span style=\"text-decoration: underline;\">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 $112,200 above May's previous all time record high.<br \/>December marks the 6th month of pricing increases after prices took a significant dip, of $20,200, in June <br \/><br \/> <br \/>Detached home benchmark pricing:<br \/><br \/>April: $1,248,500<br \/><strong>May: $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 \/><strong>December: $1,365,200<\/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 50-82.4%<\/pre>\n<pre style=\"text-align: center;\"><br \/>Even when compared to November 2021, supply has continued its downward trend.<br \/>Detached homes saw a 108% decrease in supply over the last 30 days. <br \/>Condos saw a 213% decline, and townhouse supply saw a staggering 367% decline in active listings since November 2021.<br \/><br \/><br \/>Even with record low supply the market remains very busy, with sales numbers nearly identical to December 2020.<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.<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<\/strong><br \/><br \/>All time high prices across the board. Low supply. High demand. And predicted future increases.<br \/><br \/>The market continues to soar. <br \/><br \/><\/pre>\n<p><img decoding=\"async\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/poco_r.jpg\" alt=\"poco r\" \/><\/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 17.2-29.4% over thier 2020 counterparts. The December benchmark for detached homes was $310,200 higher than &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1321","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\/1321","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=1321"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1321\/revisions"}],"predecessor-version":[{"id":3109,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1321\/revisions\/3109"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media\/2376"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=1321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=1321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=1321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}