{"id":840,"date":"2024-03-13T07:00:00","date_gmt":"2024-03-13T14:00:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/pricing-increase-mary-hill-citadel-realtor-rod-rhea-ryan-hayes-neighbourhood-expert-poco-port-coquitlam-update-sellers-market-purchase-sale-listings-demand-royal-lepage-rental-suite-income-investmen-2\/"},"modified":"2026-04-08T09:23:04","modified_gmt":"2026-04-08T16:23:04","slug":"pricing-increase-mary-hill-citadel-realtor-rod-rhea-ryan-hayes-neighbourhood-expert-poco-port-coquitlam-update-sellers-market-purchase-sale-listings-demand-royal-lepage-rental-suite-income-investmen-2","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/pricing-increase-mary-hill-citadel-realtor-rod-rhea-ryan-hayes-neighbourhood-expert-poco-port-coquitlam-update-sellers-market-purchase-sale-listings-demand-royal-lepage-rental-suite-income-investmen-2\/","title":{"rendered":"Port Coquitlam Market Update"},"content":{"rendered":"<h2 style=\"text-align: center;\"><strong>Port Coquitlam Market: <\/strong><\/h2>\n<h2 style=\"text-align: center;\"><strong>February 2024 vs 2023&nbsp; <\/strong><\/h2>\n<p style=\"text-align: center;\"><strong><img decoding=\"async\" title=\"Maple Street Port Coquitlam\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/poco_drone_a.jpeg\" alt=\"Maple Street Port Coquitlam\" width=\"700\" \/> <\/strong><\/p>\n<h2 style=\"text-align: center;\"><strong>The entire market accelerates towards an early spring boost<br \/><\/strong><\/h2>\n<h2 style=\"text-align: center;\"><strong>as prices jump up &amp; days are market are slashed.<br \/><\/strong><\/h2>\n<p><strong>Looking for an accurate picture of where the real estate market is headed?<\/strong><\/p>\n<h3>&nbsp; Today we dive in and take a deeper look at the Port Coquitlam market as a whole:<\/h3>\n<ul>\n<li>A full overview &amp; an in depth look at detached homes and townhouses. Both focusing on:<\/li>\n<\/ul>\n<ol start=\"1\">\n<ol start=\"1\">\n<li><strong>How statistics stack up to the previous month&#8217;s activity.<\/strong><\/li>\n<li><strong>Where we are standing compared to the same time period in 2023.<\/strong><\/li>\n<li><strong>Larger market trends.<\/strong><\/li>\n<\/ol>\n<\/ol>\n<p>&nbsp;<img decoding=\"async\" style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Citadel Heights\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/citadel_b.jpeg\" alt=\"Citadel Heights\" width=\"450\" \/><\/p>\n<h3 style=\"text-align: center;\">&bull;&bull;&bull;<\/h3>\n<h3 style=\"text-align: left;\" align=\"center\"><strong>Port Coquitlam Benchmark Price Overview:<\/strong><\/h3>\n<ol>\n<li>January marked the tenth consecutive month that all three areas of the market had a higher benchmark price than the previous year.<\/li>\n<li>Since late summer of last year the market as a whole has remained flat and\/or trended downwards. However 2024 has begun a return:<\/li>\n<ol>\n<li>January saw decreases level off &amp; a return of buyers.<strong><br \/><\/strong><\/li>\n<li>February has seen the return of sellers &amp; pricing increases.<\/li>\n<li>March (although not over) has seen multiple offers return &amp; pricing increases continue.<\/li>\n<\/ol>\n<\/ol>\n<p style=\"text-align: center;\" align=\"center\"><strong><span style=\"text-decoration: underline;\">2024 is shaping up to have a very active spring market punctuated with more buyers than sellers.<br \/><\/span><\/strong><\/p>\n<h3 style=\"text-align: left;\" align=\"center\"><strong>2023 Comparison:<br \/><\/strong><\/h3>\n<ol>\n<li>Detached homes are now 8.8% above February 2023 prices representing a $115,200 improvement in a single year; we are now just $20,700 away from peak 2023 prices.<\/li>\n<li>Townhouses are 3.6% above February 2023 prices; prices may be increasing, but the gap between 2023 prices is narrowing. Feb 2024 is only $31,800 above Feb 2023.<\/li>\n<li>Condos are 7% up year over year aftering seeing a much larger than usual price increase during February.<\/li>\n<\/ol>\n<h3 style=\"text-align: center;\" align=\"center\">&bull;&bull;&bull;<\/h3>\n<h3 style=\"text-align: left;\" align=\"center\"><strong>Overall Supply &amp; Sales Update:<\/strong><\/h3>\n<p style=\"text-align: left;\" align=\"center\">&nbsp;<br \/> Compared to the same time last year supply has increased:<\/p>\n<ul>\n<li style=\"text-align: left;\"><strong>Detached<\/strong>: +38.8%<\/li>\n<li style=\"text-align: left;\"><strong>Condo:<\/strong> +15.5%<\/li>\n<li style=\"text-align: left;\"><strong>Townhouse<\/strong>: +57.1%<\/li>\n<\/ul>\n<p style=\"text-align: left;\" align=\"center\"> When February supply is compared to January:<\/p>\n<ul>\n<li><strong>Detached: <\/strong>17 more listings than in January<\/li>\n<li><strong>Condo:<\/strong> 15 more listings than in January<\/li>\n<li><strong>Townhouse:<\/strong> 4 more listing than in January<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\" align=\"center\">Compared to the same time last year sales have seen a vast increase:<\/p>\n<ul>\n<li><strong> Detached:<\/strong> +36.4%<\/li>\n<li><strong> Condo:<\/strong> +113.3%<\/li>\n<li><strong> Townhomes<\/strong>: +23.1%<\/li>\n<\/ul>\n<p style=\"text-align: left;\" align=\"center\">&nbsp;<\/p>\n<p style=\"text-align: left;\" align=\"center\">Sales have also increased month over month (compared to Jan):<\/p>\n<ul>\n<li><strong> Detached<\/strong>: 4 more sales than January<\/li>\n<li><strong> Condo:<\/strong> 14 more sales than January<\/li>\n<li><strong> Townhouse:<\/strong> 3 more sales than January<\/li>\n<\/ul>\n<p><img decoding=\"async\" style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"port coquitlam city hall \" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/port_coquitlam_city_hall_a.jpg\" alt=\"port coquitlam city hall\" width=\"550\" \/><\/p>\n<h3 style=\"text-align: center;\" align=\"center\">&bull;&bull;&bull;&nbsp;<\/h3>\n<h3 style=\"text-align: left;\" align=\"center\"><strong>Detached Market Update:<\/strong><\/h3>\n<p style=\"text-align: center;\" align=\"center\"><strong>After months of uncertainty and pricing decreases the detached market has taken a massive step forward.<\/strong><\/p>\n<ol>\n<li style=\"text-align: left;\">In the last 12 months detached home&#8217;s benchmark price has increased $115,200.<\/li>\n<li style=\"text-align: left;\">In the last 30 days the benchmark price has seen a substantial $49,000 increase.<strong><br \/><\/strong><\/li>\n<li style=\"text-align: left;\">The detached market is now close to reaching peak 2023 pricing. If March sees even 50% of the pricing increase that February saw the 2024 market would already surpass 2023&#8217;s pricing a meer three months in.<\/li>\n<\/ol>\n<p style=\"text-align: center;\"><strong>The first two months of the year have been polar opposites. January was mared with low supply, slow sales, &amp; decreasing prices. February experienced the largest pricing increase since April-May 2023 (the largest single month increase of last year) &amp; saw a large increase to activity.<br \/><\/strong><\/p>\n<p style=\"text-align: left;\" align=\"center\"><strong><span style=\"text-decoration: underline;\">Detached Home Benchmark Pricing:<\/span><\/strong><\/p>\n<ol>\n<li><strong>February<\/strong>: $1,282,000<\/li>\n<li><strong>March<\/strong>: $1,310,300<\/li>\n<li><strong>April<\/strong>: $1,339,000&nbsp;<\/li>\n<li><strong>May<\/strong>: $1,392,100&nbsp;<\/li>\n<li><strong>June<\/strong>: $1,418,300<\/li>\n<li><strong>July<\/strong>: $1,424,600<\/li>\n<li><strong>August<\/strong>: <strong>$1,438,600<\/strong><\/li>\n<li><strong>September<\/strong>: $1,408,000<\/li>\n<li><strong>October<\/strong>: $1,386,100<\/li>\n<li><strong>November<\/strong>: $1,373,800<\/li>\n<li><strong>December<\/strong>: $1,377,800<\/li>\n<li>January: $1,368,900<\/li>\n<li>February: $1,417,900<strong><strong><br \/><\/strong><\/strong><\/li>\n<\/ol>\n<p style=\"text-align: left;\" align=\"center\"><strong><strong><br \/><\/strong><br \/> <\/strong><\/p>\n<h3 style=\"text-align: center;\">&bull;&bull;&bull;<\/h3>\n<p style=\"text-align: left;\" align=\"center\"><strong><span style=\"text-decoration: underline;\"><br \/> <\/span><\/strong><\/p>\n<h3 style=\"text-align: left;\" align=\"center\"><strong>Townhouse Market Update:<\/strong><\/h3>\n<ol>\n<li>After three consecutive months of pricing decreases the townhouse market has seen a minor increase (the was also a small increase in October 2023).<\/li>\n<li>In the last 30 days the benchmark price has increased $6400.<\/li>\n<li>Since the 2023 peak the benchmark price for townhouses had decreased $59,700.<\/li>\n<li>Year over year the benchmark price has increased $31,800 (which is down $11,000 from the January year-over-year increase)<\/li>\n<\/ol>\n<p style=\"text-align: center;\"><strong>Aside from buyers returning to the market January held the status quo for townhomes. March turned around &amp; saw minor improvements to all three key areas: days on market, number of listings, and total sales.<br \/><\/strong><\/p>\n<p style=\"text-align: left;\" align=\"center\">&nbsp;<\/p>\n<p style=\"text-align: left;\" align=\"center\"><strong><span style=\"text-decoration: underline;\">Townhouse Benchmark Pricing:<\/span><\/strong><\/p>\n<ol>\n<li style=\"text-align: left;\"><strong>February<\/strong>: $884,700<\/li>\n<li style=\"text-align: left;\"><strong>March<\/strong>: $898,400<\/li>\n<li style=\"text-align: left;\"><strong>April<\/strong>: $901,600<\/li>\n<li style=\"text-align: left;\"><strong>May<\/strong> : $928,900&nbsp;<\/li>\n<li style=\"text-align: left;\">&nbsp;<strong>June<\/strong> : $962,100<\/li>\n<li style=\"text-align: left;\">&nbsp;<strong>July<\/strong>: <strong>$975,300 &nbsp;<\/strong><\/li>\n<li style=\"text-align: left;\"><strong>&nbsp;August: <\/strong>$953,700<\/li>\n<li style=\"text-align: left;\">&nbsp;<strong>September<\/strong>: $944,800<\/li>\n<li style=\"text-align: left;\"><strong>October<\/strong>: $953,100<\/li>\n<li style=\"text-align: left;\"><strong>November: <\/strong>$944,100<\/li>\n<li style=\"text-align: left;\"><strong>December<\/strong>: $913,000<\/li>\n<li style=\"text-align: left;\"><strong>January: <\/strong>$909,200<\/li>\n<li style=\"text-align: left;\"><strong>February<\/strong>: $915,600<\/li>\n<\/ol>\n<p>&nbsp;<img decoding=\"async\" style=\"display: block; margin-left: auto; margin-right: auto;\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/port_coquitlam_february_market_update.jpg\" alt=\"port coquitlam february market update\" width=\"750\" \/><\/p>\n<h3 style=\"margin-bottom: 0cm; text-align: center;\"><strong><span style=\"font-size: 12px;\">The thawing period we saw in January is officially over. &amp; it appears as though the market is headed for a very active &amp; early spring <br \/><\/span><\/strong><\/h3>\n<h3 style=\"margin-bottom: 0cm; text-align: center;\"><a href=\"https:\/\/www.rodrhearyan.com\/about-us\"><strong><span style=\"font-size: 12px;\">Your Neighbourhood Experts<\/span><\/strong><\/a><\/h3>\n<h2 style=\"text-align: center;\">&nbsp;<a href=\"https:\/\/www.rodrhearyan.com\/contact\">Have questions about Port Coquitlam&#8217;s market? Click Here to CONTACT US<\/a><a href=\"https:\/\/www.rodrhearyan.com\/contact\"><br \/><\/a><\/h2>\n<p style=\"text-align: center;\"><img decoding=\"async\" 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;\"><strong>We are working to make your life easier.<\/strong><\/p>\n<h3 style=\"margin-bottom: 0cm; text-align: center;\">&nbsp;<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Port Coquitlam Market: February 2024 vs 2023&nbsp; The entire market accelerates towards an early spring boost as prices jump up &amp; days are market are slashed. &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-840","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\/840","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=840"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/840\/revisions"}],"predecessor-version":[{"id":2846,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/840\/revisions\/2846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media\/2231"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}