{"id":383,"date":"2025-08-29T07:00:00","date_gmt":"2025-08-29T14:00:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/tri-cities-detached-homes-market-update-august-2025-r3\/"},"modified":"2026-04-17T19:53:08","modified_gmt":"2026-04-18T02:53:08","slug":"tri-cities-detached-homes-market-update-august-2025-r3","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/tri-cities-detached-homes-market-update-august-2025-r3\/","title":{"rendered":"A Market Divided: Tri-Cities Detached Market Shifts (May Comparison)"},"content":{"rendered":"<h2 style=\"text-align: center;\">Tri City Detached Home Listing Comparison<\/h2>\n<h3 style=\"text-align: center;\">From record-breaking supply to summer price swings \u2014 here\u2019s what\u2019s really happening in the Tri-Cities housing market:<\/h3>\n<p style=\"text-align: center;\">The Tri Cities are an informal grouping of the three adjacent cities of <a href=\"https:\/\/www.rodrhearyan.com\/coquitlam\">Coquitlam<\/a>,<a href=\"https:\/\/www.rodrhearyan.com\/port-coquitlam\"> Port Coquitlam<\/a>, and <a href=\"https:\/\/www.rodrhearyan.com\/port-moody\">Port Moody<\/a>. The Tri Cities also includes the two villages of Anmore and Belcarra. The entire area is located in the northeast sector of Metro Vancouver, and combined, these five communities have a population of roughly 234,000 residents. With vibrant culture, abundant natural beauty, a central location, and a drive to continually evolve and elevate&#8230;it is a fantastic place to look for a home.<\/p>\n<p style=\"text-align: center;\">All statistics below were gathered on August 28th and compared with\u00a0May 13th meaning the findings represent the markets overall shift in the last 102 days.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.rodrhearyan.com\/tri-cities-port-coquitlam-moody-detached-home-market-update-may-2025-r3\">Click Here for May 13th compared with February 18th<\/a><a href=\"https:\/\/www.rodrhearyan.com\/tri-city-buyers-market-update-slow-pricing-fall-transistion-suite-rental-rod-rhea-ryan-hayes-poco-coquitlam-active-listings-realtor-royal-lepage-detached-home-supply-mortgage-helper\"><br \/>\n<\/a><\/p>\n<h3><img loading=\"lazy\" decoding=\"async\" style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Citadel Heights\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/slider-homepage-04-zOGOw3q1STissFdCPyZI_11.jpg\" alt=\"Citadel Heights\" width=\"650\" height=\"220\" \/><\/h3>\n<h3 style=\"text-align: center;\"><\/h3>\n<h3 style=\"text-align: center;\">\u2022\u2022\u2022<\/h3>\n<p>&nbsp;<\/p>\n<h2>Number of detached listings;<\/h2>\n<ul>\n<li>\u00a0Port Coquitlam: 143\u00a0<strong>(down 19)<\/strong><\/li>\n<li>Coquitlam: 478<strong>\u00a0(down 38)<br \/>\n<\/strong><\/li>\n<li>Port Moody: 125\u00a0<strong>(up 7)<br \/>\n<\/strong><\/li>\n<\/ul>\n<p><strong>Summary:<\/strong><\/p>\n<ol>\n<li>After a very active January and February 2025 has been marred with a low level of buyers and record-breaking supply.<\/li>\n<li>During out May check in Greater Vancouver already had the highest number of active listings since 2014.<\/li>\n<li>Supply in the Tri City area climbed between March &amp; June. Leveling off in July &amp; only in August truly begging to ease off.<\/li>\n<li>July was a busy month, with many active buyers which assisted in supply finally beginning to ease off over the last 5+ weeks.<\/li>\n<li>It is about the market settling in to a \u2018new normal\u2019 and adjusting to the current state of world affairs.<\/li>\n<\/ol>\n<h3 style=\"text-align: center;\">\u00a0\u2022\u2022\u2022<\/h3>\n<p>&nbsp;<\/p>\n<h2>List Price:<\/h2>\n<h3><strong>Port Coquitlam:<\/strong><\/h3>\n<ul>\n<li>High &#8211; $4,888,000 <strong>(15 acres)<\/strong><\/li>\n<li>Low &#8211; $928,000<strong><br \/>\n<\/strong><\/li>\n<li>Average -$1,630,523<strong>\u00a0(down $70,950)<\/strong><\/li>\n<li>Median &#8211; $1,499,900<strong> (down $100,000)<\/strong><\/li>\n<\/ul>\n<h3><strong>Coquitlam:<\/strong><\/h3>\n<ul>\n<li>High &#8211; $8,000,000 <strong>(land assembly)<\/strong><\/li>\n<li>Low &#8211; $899,900 <strong>(townhouse style home)<\/strong><\/li>\n<li>Average -$2,405,538\u00a0<strong>(down $127,120)<\/strong><\/li>\n<li>Median &#8211; $2,196,500 <strong>(down $103,500)<\/strong><strong><br \/>\n<\/strong><\/li>\n<\/ul>\n<h3><strong>Port Moody:<\/strong><\/h3>\n<ul>\n<li>High &#8211; $7,299,000 <strong>(over 8000 sqft home on an acre)<\/strong><\/li>\n<li>Low &#8211; $1,190,000 (600 sqft home)<\/li>\n<li>Average -$2,703,986\u00a0<strong>(up $15,710) &#8211;in May the average down close to 300k<\/strong><\/li>\n<li>Median &#8211; $2,348,000<strong> (up $63<strong>,500<\/strong>) &#8211;in May the median was down 315k<\/strong><\/li>\n<\/ul>\n<h3>Summary:<\/h3>\n<ol>\n<li>For most of 2025 the market has been relatively balanced as everyone waited for oversupply to put downward pricing pressure. For a long time this didn\u2019t happen\u2026but also not many homes were selling.<\/li>\n<li>It has now been 102 days since our last update and prices have come down substantially in both Poco &amp; Coquitlam. Buyers returned to the market in July and as more homes began to sell prices started to edge downward.<\/li>\n<li>In May both Port Moody\u2019s median &amp; average price dropped substantially due to luxury\/development listings. Because of the overcorrection in May Port Moody is the only area in the Tri Cities to see an increase.<\/li>\n<li>We now have to wait and see if prices will settle where they are or continue to drop in order to liquidate more of the remaining oversupply.<\/li>\n<\/ol>\n<p><img decoding=\"async\" style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Suter Brook Village Port Moody\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/lpi0f7bg_a.jpeg\" alt=\"Suter Brook Village Port Moody\" width=\"225\" \/><\/p>\n<h3 style=\"text-align: center;\">\u00a0\u2022\u2022\u2022<\/h3>\n<p>&nbsp;<\/p>\n<h2>Days on Market:<\/h2>\n<h3><strong>Port Coquitlam:<\/strong><\/h3>\n<ul>\n<li>High &#8211;\u00a0 1038<\/li>\n<li>\u200b\u200bLow &#8211; 2<\/li>\n<li>Average &#8211; 104\u00a0<strong>(up 22)<\/strong><\/li>\n<li>Median &#8211; 69\u00a0<strong>(up 27)<\/strong><\/li>\n<\/ul>\n<h3><strong>Coquitlam:<\/strong><\/h3>\n<ul>\n<li>High &#8211;\u00a0 1610<\/li>\n<li>\u200b\u200bLow &#8211; 0<\/li>\n<li>Average &#8211; 119\u00a0\u00a0<strong>(up 12)<\/strong><\/li>\n<li>Median &#8211; 69<strong>\u00a0(up 15)<br \/>\n<\/strong><\/li>\n<\/ul>\n<h3><strong>Port Moody:<\/strong><\/h3>\n<ul>\n<li>High &#8211;\u00a0 282<\/li>\n<li>\u200b\u200bLow &#8211; 3<\/li>\n<li>Average &#8211; 87\u00a0<strong>(up 31)<\/strong><\/li>\n<li>Median &#8211; 76\u00a0<strong>(up 34)\u00a0\u00a0<\/strong><\/li>\n<\/ul>\n<h3>Summary:<\/h3>\n<ol>\n<li>Despite decreasing prices and reduced supply days on market are still up. Yes July was an extremely active month for buyers\u2026but things slowed down again in August.<\/li>\n<li>Also, the issue with days on market as a metric\u2026sometimes a busy market can increase the total. When homes sell it clears out inventory leaving just the older stale listings to drive up days on market.<\/li>\n<li>Until there is a greater decrease in active listings days on market will remain high regardless of how active the market actually is.<\/li>\n<\/ol>\n<p><img decoding=\"async\" style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Lafarge Lake Coquitlam\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/lafarge_a.jpeg\" alt=\"Lafarge Lake Coquitlam\" width=\"625\" \/><\/p>\n<h3 style=\"text-align: center;\">\u2022\u2022\u2022<\/h3>\n<h2>Overview:<\/h2>\n<ol start=\"1\">\n<li><strong>A year of extremes<\/strong> \u2013 After a very active start in January and February, 2025 quickly shifted to record-breaking supply paired with fewer committed buyers. By May, Greater Vancouver had already reached the highest inventory levels since 2014.<\/li>\n<li><strong>Supply surge, then slowdown<\/strong> \u2013 In the Tri-Cities, listings steadily climbed from March through June. They finally leveled off in July and have only just begun to ease in August.<\/li>\n<li><strong>July brought relief<\/strong> \u2013 Buyer activity surged in July, helping absorb some of the excess supply. This burst of demand was the first step in reducing the pressure from oversupply, leading to a modest easing of active listings over the past 5+ weeks.<\/li>\n<li><strong>Price corrections in Poco &amp; Coquitlam<\/strong> \u2013 After months of stalling, prices have now come down substantially in both Port Coquitlam and Coquitlam. Buyers returned mid-summer, and with more homes finally selling, downward pricing pressure became unavoidable.<\/li>\n<li><strong>Port Moody\u2019s correction<\/strong> \u2013 In May, Port Moody\u2019s average and median prices dropped sharply due to an oversupply of luxury and development listings. That overcorrection now makes Port Moody the only Tri-City showing price increases this summer.<\/li>\n<li><strong>Days on market remain elevated<\/strong> \u2013 Despite falling supply and softer prices, homes are still taking longer to sell. This is partly because of the high number of stale listings left behind as newer, well-priced homes move quickly. Until overall inventory shrinks further, days on market will stay high, even in busier periods.<\/li>\n<\/ol>\n<p style=\"text-align: center;\">\u00a0<a href=\"https:\/\/www.google.com\/maps\/place\/Rod,+Rhea+%26+Ryan+Hayes:+R3+Hayes+Real+Estate+Group:+Rod+Hayes+Personal+Real+Estate+Corporation\/@49.2428113,-122.7827703,17z\/data=!4m8!3m7!1s0x5486783c666d368d:0x2c9884010126a03!8m2!3d49.2428113!4d-122.7827703!9m1!1b1!16s%2Fg%2F1ts_690v?entry=ttu&amp;g_ep=EgoyMDI1MDIxMS4wIKXMDSoJLDEwMjExNDUzSAFQAw%3D%3D\">\u00a0Our Google reviews will give you all the confidence you need!<\/a><\/p>\n<h3 style=\"text-align: center;\"><a href=\"https:\/\/www.rodrhearyan.com\/real-estate-top5-why-work-with-us-family-business-marketing-experience-expertise-local-neighbourhood-realtor-personal-royal-lepage-canadian-rod-rhea-ryan\"><strong>TOP 5 reasons to work with R3 Hayes Real Estate Group<\/strong><\/a><\/h3>\n<p><img decoding=\"async\" title=\"R3 Hayes Real Estate Group\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/banner.png\" alt=\"R3 Hayes Real Estate Group\" width=\"900\" \/><\/p>\n<p style=\"text-align: center;\">Are you looking to purchase a detached home in the Tri Cities? Let us know the particular area and style of home you are looking for and<strong> we will keep an eye on the market for you<\/strong> and let you know when your perfect home is listed.<\/p>\n<p style=\"text-align: center;\">Let our knowledge and expertise ease your mind, so you don&#8217;t have to stress over the details.<strong> We are here to make your life easier!<\/strong><\/p>\n<p><img decoding=\"async\" style=\"display: block; margin-left: auto; margin-right: auto;\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/r3_logo.png\" alt=\"r3 logo\" width=\"100\" \/><\/p>\n<p style=\"text-align: center;\">R3 Hayes Real Estate Group \u2013 <strong><span style=\"font-size: 12px;\"><em>Your Neighbourhood Experts<\/em><\/span><\/strong><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12px;\"><em><strong>\u00a0 Call\/Text <\/strong><\/em><strong><span style=\"font-size: 12px;\">Ryan:<\/span><\/strong><\/span><\/strong><span style=\"font-size: 12px;\"><span style=\"font-size: 12px;\">\u00a0<\/span><\/span><span style=\"font-size: 12px;\"><span style=\"font-size: 12px;\">604-561-2127<\/span><\/span><\/p>\n<p style=\"text-align: center;\"><strong>\u00a0<span style=\"font-size: 12px;\"><a href=\"https:\/\/www.facebook.com\/RodRheaRyan\/\">Follow us on social media for more market updates!<\/a><\/span><\/strong><\/p>\n<h4 style=\"margin-bottom: 0cm; text-align: center;\"><a href=\"https:\/\/www.rodrhearyan.com\/testimonials\">Your Neighbourhood Experts<\/a><\/h4>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tri City Detached Home Listing Comparison From record-breaking supply to summer price swings \u2014 here\u2019s what\u2019s really happening in the Tri-Cities housing market: The Tri Cities &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,14,15,21,18],"tags":[],"class_list":["post-383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-port-coquitlam","category-port-moody","category-local-market-updates","category-tri-cities-comparison","category-coquitlam"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Tri City Detached Home Listing Comparison From record-breaking supply to summer price swings \u2014 here\u2019s what\u2019s really happening in the Tri-Cities housing market: The Tri Cities are an informal grouping of the three adjacent cities of Coquitlam, Port Coquitlam, and Port Moody. 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