Port Coquitlam Market:

June 2025 vs 2024 

Detached homes dip.

Supply finally begins to tighten as buyers emerge & sales begin to pick up pace.

Looking for an accurate picture of where the real estate market is headed?

  Today we dive in and take a deeper look at the Port Coquitlam market as a whole:

• A full overview & an in depth look at detached homes and townhouses. Both focusing on:

1. How statistics stack up to the previous month's activity.
2. Where we are standing compared to the same time period in 2024.
3. Larger market trends.

•••

Port Coquitlam Benchmark Price Overview:

1. Townhouse: Month over month and year over year sales may be down for townhouses, but supply is also down month over month and year over year the supply gap is shrinking. All while prices have increased over $66,000 in 8 months. Prices continue to hold. Supply is correcting.
2. Detached: After plunging downwards in November 2024, the detached market experienced a yo-yo market for the first five months of 2025 with minor fluctuations both up and down depending on the supply available in a given month. Never fluctuating more than 19k. June marks the halfway point of the year and 2025’s first real market shift. Detached homes were the only area of the market to show month over month supply growth.
3. Condo: In February 2025 the condo benchmark price dipped below its 2024 counterpart. Since then, condos have been within the same 1.4% of price as they were the previous year...and June was no different.
1. The condo market could be viewed as stagnant, or reliable and consistent; while a purchaser may not expect a large return on investment...they are less likely to lose money than other segments of the market.
2. For well over a year the benchmark price has fluctuated within a $20,000 window & in the first half of 2025 the benchmark has fluctuated less than $10,000.
3. The benchmarket is currently just $7,100 below the 2025 peak.

 Port Coquitlam Market Snapshot (a review):

1. Over the last six months the real estate market in Poco has developed as follows:
1. After two months of steep decline detached homes started 2025 with a price increase, condo sales shot up, & days on market took a large spike upwards.
2. February saw a big jump in townhouse pricing, supply still well below Oct/Nov 2024 levels, large days on market decrease, & relatively low-but steady-sales.
3. The main change in March was supply, it increased across the board. Month-over-month sales saw a small increase...year over year sales are 26-36% down.
4. In April supply continued to rise, sales volume remained low, and 2/3 of the market held pricing whie detached homes dipped for the second consecutive month.
5. After two months of minor pricing decreases May brought an increase to the detached market and condo dipped. Supply remains high, but the rate of increase has decreased. Number of sales dipped for both detached homes and condos while it held for townhouses.
6. The big story for June is the detached market’s benchmark price decrease; it was large and out of character for the year. The second shift would be narrowing supply & strengthening sales. Supply is still overblown compared to 2024 and sales are still minorly below the previous year. But June marks the first true month of correction in 2025. Buyers are assisting the market tighten.

Year-over-year Comparison:

1. After taking a big step backward last November, the first five months of 2025 were marked with slow yo-yo style recovery for the detachedmarket. However, June flipped the tables.
   1. The 30-day decline between May & June was roughly half of what was experienced between October & November 2024.
   2. For the second month in a row the 2025 benchmark has dipped below what it was in 2024.The last time detached homes dipped below the previous year's benchmark was June 2023.
   3. The big question is now whether June was a one off, and what the numbers will say about July in the beginning of August

1. How the townhouse market has evolved since dipping under $900,000 in October 2024:
1. January of this year has been the townhouse markets only true down month.
2. After jumping up in February, March-May all saw the benchmark price inch upwards. 
3. Yes the benchmark saw a small dip in June, but that isn’t uncommon after pushing the price the benchmark to a new high.
• Currently the benchmark is just $6,700 below the 2025 peak
2. After peaking in February 2024 the condo market has really levelled off.
1. Feb 2024 the benchmark price was $650,200.
1. Since then, low point was November 2024.
2. The 2025 high was in January when the benchmark price sat at $645,400. It has fluctuated in a $9,900 window over the past 6 months. This makes the Poco condo market the steadiest pillar for both buyers and sellers.
3. As of June 2025, the benchmark is just $11,900 below the 2024 peak and $7,100 below the 2025 peak.
2. For 16 months now pricing has continued to ebb and flow depending on the style of unit available and the number of buyers in the market.
3. May marked the first time in 2025 that the benchmark had decreased for two consecutive months, but it has rebounded in June.
4. Month over month condos in Port Coquitlam have seen a minor decrease in supply and increase in sales. Both strong indicators that the condo market is set to continue in a positive light.

Overall Supply & Sales Update:

 
Compared to the same time last year supply remains high:

• Detached: +21.3%
• Condo: +40.6%
• Townhouse: +13.2%

...but as more homes sell the supply surplus is closing.

When June supply is compared to May:

• Detached: 2 more listings than in May
• Condo: 6 less listings than in May
• Townhouse: 6 less listings than in May

Compared to the same time last year sales have varied:

• Detached: +5%
• Condo: -11.1%
• Townhomes: -14.3%

...the negative year over year sales gap is closing for the first time in 2025

Sales varied month over month (compared to May):

• Detached: 4 more sales than May
• Condo: 6 more sales than May
• Townhouse: 6 less sales than May

••• 

Detached Market Update:

1. June 2025 vs 2024 sees the detached benchmark price decrease by $41,000.
2. After starting out 2025 with three strong months the detched market stumbled for two months before its worst performance of the year.
3. Since the 2025 peak in February the benchmark price has declined $37,600.
1. In 30 days it saw a $29,100 decline.
4. From January to May the benchmark was sable only fluctuating within a $19,000 window. 
1. June is the first indication of any real shift in 2025. 
5. Until June the majority of the detached markets perceived issues stemmed from a rough finish to 2024. Jan - May simply didn't rebound as quickly as is traditional.
6. We are now $74,000 below the 2024 peak seen in October.

Detached Home Benchmark Pricing:

1. July: $1,436,900
2. August: $1,432,100
3. September: $1,419,100
4. October: $1,456,900
5. November: $1,392,700
6. December: $1,379,500
7. January 2025: $1,401,100
8. February: $1,420,500
9. March: $1,418,500
10. April: $1,408,900
11. May:  $1,412,000
12. June: $1,382,900

•••

Townhouse Market Update:

1.  October 2024 was the low point for the townhouse market. The benchmark price had dropped $69,800 in just 60 days.
2. The benchmark price rebounded quickly before dipping in January.
3. Five of the last six months the townhouse market has been rock solid with the benchmark fluctuating by $6,700 at most.
4. After both April & May saw new benchmark peaks for 2025, June dipped...but only slghtly.
5. The benchmark price has climbed $66,700 since October 2024. 
6. Despite this segments strength six of the last nine months have seen the benchmark price below the previous year.
1. In May it was 0.9% below the previous year.
2. In June it was just 0.1% below. 
7. The townhouse market is still the strongest segment within Port Coquitlam.

Townhouse Benchmark Pricing:

1. July: $943,200
2. August:$952,700
3. September: $900,200
4. October: $882,900
5. November: $936,600
6. December:$940,700
7. January: $924,200
8. February: $950,000
9. March: $950,700 
10. April: $955,400
11. May: $956,300
12.  June: $949,600

 

Summary:

Port Coquitlam’s real estate market in June 2025 marked a turning point after a half-year of relative stability. Detached homes, which had fluctuated within a narrow band for months, saw a $29,100 benchmark price drop—the largest decline of the year and a potential signal of change. Although the last time the detached market experienced a large single month drop, November 2024, it immediately began to slowly rebuild. Detached sales volume grew slightly while supply growth slowed, tightening conditions—both positive indicators.

Townhouses remain the most resilient segment. Despite a small June dip, the benchmark is only $6,700 off its peak, and pricing has held firm for most of 2025. Even with year-over-year comparisons still slightly negative, this market segment shows consistent demand and recovery from late 2024 lows.

Condos continue to offer unmatched stability. The benchmark has moved less than $10,000 in six months and sits just $7,100 below the 2025 peak. Sales are up, supply is down, and reliability remains this segment’s strongest asset.

Overall, while June’s detached home correction raises eyebrows, tightening supply and rising buyer activity suggest that the market is beginning to balance out after the end of 2024 was filled with turbulence and the first half of 2025 plagued with uncertainty.

  Our Google reviews will give you all the confidence you need!

TOP 5 reasons to work with R3 Hayes Real Estate Group

In a market full of noise and hesitation, we’re the steady hand you can trust.
Whether you're planning ahead or ready to make a move, let's talk strategy—we’re here to help you come out ahead.

R3 Hayes Real Estate Group – Your Neighbourhood Experts

  Call/Text Ryan: 604-561-2127

 Follow us on social media for more market updates!

Your Neighbourhood Experts