{"id":1432,"date":"2021-06-10T10:45:00","date_gmt":"2021-06-10T17:45:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-mary-hill-citadel-supply-increase-buyers-sellers-poco-port-coquitlam-stand-alone-detached-realtor-royal-lepage-sterling-sellers-active-market-ensuite-bedrooms-price-c\/"},"modified":"2026-04-08T09:24:09","modified_gmt":"2026-04-08T16:24:09","slug":"rod-rhea-ryan-hayes-neighbourhood-mary-hill-citadel-supply-increase-buyers-sellers-poco-port-coquitlam-stand-alone-detached-realtor-royal-lepage-sterling-sellers-active-market-ensuite-bedrooms-price-c","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-mary-hill-citadel-supply-increase-buyers-sellers-poco-port-coquitlam-stand-alone-detached-realtor-royal-lepage-sterling-sellers-active-market-ensuite-bedrooms-price-c\/","title":{"rendered":"Port Coquitlam Sales May 2021 vs 2020- Pricing Increase Slows"},"content":{"rendered":"
Benchmark prices are up across the board in Port Coquitlam between 13.7-29.3% over thier 2020 counterparts. 
 The May benchmark for detached homes was $283,900 higher than its 2020 counterpart.
 This marks thirteen months of consecutive month over month increase for detached home pricing;
April 2020: $917,000
May2020: $921,900
April 2021: $1,248,500
May 2021: $1,253,000

The month over month pricing increase for detached homes has begun to slow down. May's increase was only $4500 over April, whereas April saw a $22,100 increase over March...
And March saw a staggering $90,800 increase over February.

New Record:

Port Coquitlam stand alone homes have once again achieved their highest ever benchmark pricing for the sixth consecutive month.
 The last time prices were at this level of a premium was in May of 2018 when the benchmark price was $1,049,400.
Pricing is now over $203,000 higher than the 2018 peak.<\/strong>



Supply has shrunk for townhouses has shrunk 17% compared to the same time last year.
Supply for detached homes has taken a massive leap over the previous year; up 73.4% compared to April 2020 
The new flood of detached has gone a long way in curbing their rapid increase in pricing.  
Condos supply has also increased by 26.8%


The market continues to be extremely active.
Sales have increased by a staggering amount across the board between 70%-362.5%



While single family detached homes continue to remain at the forefront of Port Coquitlam's market, demand for townhomes & condos has begun to escalate rapidly.

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\"poco<\/p>\n
 

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 <\/p>\n","protected":false},"excerpt":{"rendered":"
Benchmark prices are up across the board in Port Coquitlam between 13.7-29.3% over thier 2020 counterparts. The May benchmark for detached homes was $283,900 higher than …<\/p>\n","protected":false},"author":2,"featured_media":2403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1432","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