Benchmark prices are up across the board in Port Coquitlam between 19.2-20.8% over thier 2021 counterparts.


Detached Market:

June marks the third consecutive month that detached home's benchmark pricing has fallen.

 The benchmark price for detached homes fell $89,800 in 30 days.

  However the June benchmark for detached homes was still $236,800  higher than its 2021 counterpart. 
 
Detached home benchmark pricing:

April: $1,538,600
May: $1,517,700 
June: $1,427,900

Despite supply having hit a peak in May, with 26 fewer listings in June, prices are still on the decline due to a uncertain future. 

Supply:

Compared to the same time last year supply is down accross the board:
Detached:  -13.4%
Condo: -12.9%
Townhouse: -6.1%

The condo market is the only segment that saw a supply increase in the last 30 days. 

Sales:

Compared to the same time last year sales decrease across the board.
Detached: -41.5%
Condo: -28.6%
Townhouse: -31%

However, in the last 30 days sales have fluctuated as some buyers take advantage of lower prices.

Detached homes saw 4 more sales in June compared to May and townhomes saw 3 additional sales.

Condos however saw 4 less sales compared to May 2022.

Townhouse Market:

The benchmark price for a townhome is $169,100 higher than the same time last year.

After spending two months over the million mark the benchmark price for townhouse's slipped back in to the $900,000 range,
bringing the prices back to March 2022 levels.

May: $1,019,000 
June: $980,300

Sales increase compared to May, but supply slumps. 

SNAPSHOT: 

Fluctuating supply & Sales. Decreasing Prices. Buyers Market.