{"id":863,"date":"2024-02-21T07:00:00","date_gmt":"2024-02-21T15:00:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/pricing-decrease-mary-hill-citadel-realtor-rod-rhea-ryan-hayes-neighbourhood-expert-poco-port-coquitlam-update-buyers-market-purchase-sale-listings-demand-royal-lepage-rental-suite-income-investment-p\/"},"modified":"2026-04-08T09:23:04","modified_gmt":"2026-04-08T16:23:04","slug":"pricing-decrease-mary-hill-citadel-realtor-rod-rhea-ryan-hayes-neighbourhood-expert-poco-port-coquitlam-update-buyers-market-purchase-sale-listings-demand-royal-lepage-rental-suite-income-investment-p","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/pricing-decrease-mary-hill-citadel-realtor-rod-rhea-ryan-hayes-neighbourhood-expert-poco-port-coquitlam-update-buyers-market-purchase-sale-listings-demand-royal-lepage-rental-suite-income-investment-p\/","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>January 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>Detached houses struggle to start 2024 on a positive note,<br \/><\/strong><\/h2>\n<h2 style=\"text-align: center;\"><strong>&amp; the market as a whole in Poco remains fairly flat.<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 ninth consecutive month that all three areas of the market had a higher benchmark price than the previous year.<\/li>\n<li>In 2023 the market slowed during the summer months and while both townhouses\/condos remained fairly level between August and November detached homes saw consecutive decreases. <strong><br \/><\/strong><\/li>\n<li>With December it flipped, as condos and townhouses saw a decline while detached homes saw a very minor increase.<\/li>\n<\/ol>\n<p style=\"text-align: center;\" align=\"center\"><strong><span style=\"text-decoration: underline;\">The 2024 winter market has begun on a stagnent note. While February has seen the beginnings of increased activity, January was flat. <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 6.9% above January 2023 prices representing a $88,200 improvement in a single year; however the benchmark is $69,700 below the 2023 peak.<\/li>\n<li>Townhouses are a slim 1.3% above January 2023 prices; a 3.9% decrease in pricing gap compared to the previous month as the gap continues to narrow.<\/li>\n<li>Condos are 4.9% up year over year.<\/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 is varied:<\/p>\n<ul>\n<li style=\"text-align: left;\"><strong>Detached<\/strong>: +27.6%<\/li>\n<li style=\"text-align: left;\"><strong>Condo:<\/strong> -5.6%<\/li>\n<li style=\"text-align: left;\"><strong>Townhouse<\/strong>: -28%<\/li>\n<\/ul>\n<p style=\"text-align: left;\" align=\"center\"> When January 2024 supply is compared to December 2023:<\/p>\n<ul>\n<li><strong>Detached: <\/strong>6 less listings than in December<\/li>\n<li><strong>Condo:<\/strong> 3 more listings than in December<\/li>\n<li><strong>Townhouse:<\/strong> same number of listing as December<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\" align=\"center\">Compared to the same time last year sales are mostly down:<\/p>\n<ul>\n<li><strong> Detached:<\/strong> -15.4%<\/li>\n<li><strong> Condo:<\/strong> +38.5%<\/li>\n<li><strong> Townhomes<\/strong>: +44.4%<\/li>\n<\/ul>\n<p style=\"text-align: left;\" align=\"center\">&nbsp;<\/p>\n<p style=\"text-align: left;\" align=\"center\">Compared to December 2023 sales are varied:<\/p>\n<ul>\n<li><strong> Detached<\/strong>: 3 more sales than December<\/li>\n<li><strong> Condo:<\/strong> 3 less sales than December<\/li>\n<li><strong> Townhouse:<\/strong> 8 more sales than December<\/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 decreasing for three consecutive months December saw a slight increase to detached pricing&#8230;&amp; January saw a return decreasing prices.&nbsp; <br \/><\/strong><\/p>\n<ol>\n<li style=\"text-align: left;\">In the last 12 months detached home&#8217;s benchmark price has increased $88,200.<\/li>\n<li style=\"text-align: left;\">In the last 30 days the benchmark price has decreased $8,900.<strong><br \/><\/strong><\/li>\n<li style=\"text-align: left;\">Since the benchmark price started to decline in August it has decreased $69,700 which is nearly 80% of the current pricing increase over the last 12 months.<\/li>\n<\/ol>\n<p style=\"text-align: center;\"><strong>Since detached prices began to shift in August of last year sales have slowed right down&#8230;&amp; 2024 has begun with a relatively soft detached housing market. Low supply, fewer sales, &amp; lower prices.<\/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>January<\/strong>: $1,279,200<\/li>\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><strong>January<\/strong>: $1,368,900<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 a very minor pricing increase there have now been three consecutive months of pricing decreases in the townhouse market.<\/li>\n<li>Between October 2023 and January 2024 the benchmark prices has decreased $43,900.<\/li>\n<li>Since the 2023 peak the benchmark price for townhouses had decreased $66,100.<\/li>\n<li>Year over year the benchmark price has increased $42,200.<\/li>\n<\/ol>\n<p style=\"text-align: center;\"><strong>After a dismal December&#8230;days on market were up &amp; prices\/sales were down&#8230;January 2024 held the status quo. Prices may have seen a very minor dip, but sales more than doubled and the number of active listings held.<\/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>January<\/strong>: $879,100<\/li>\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<\/ol>\n<p>&nbsp;<img decoding=\"async\" style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"port coquitlam market update january 2024\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/port_coquitlam_market_update_january_2024.jpg\" alt=\"port coquitlam market update january 2024\" width=\"700\" \/><\/p>\n<h3 style=\"margin-bottom: 0cm; text-align: center;\"><strong><span style=\"font-size: 12px;\">As a whole the Port Coquitlam market appears to now be entering a thawing period as it begins to awaken after a very slow winter.<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: January 2024 vs 2023&nbsp; Detached houses struggle to start 2024 on a positive note, &amp; the market as a whole in Poco remains &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-863","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\/863","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=863"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/863\/revisions"}],"predecessor-version":[{"id":2852,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/863\/revisions\/2852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media\/2237"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}