Port Coquitlam Market:
April 2025 vs 2024
Four months in & the 2025 market can easily be summed up in one word: CAUTIOUS
Listings continue to increase, buyer acitivty remains middling. Balance persists in 2/3 of the market.
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:
- How statistics stack up to the previous month's activity.
- Where we are standing compared to the same time period in 2024.
- Larger market trends.
•••
Port Coquitlam Benchmark Price Overview:
- Townhouse: After taking a big pricing cut in October townhouses rebounded. They have seen the largest market gain in all three segments of the market over the last six months.
- Detached: Directly after hitting a new 2024 benchmark high in October detached homes plunged downwards for November/December. This year has been a split with two months of pricing increases followed by two months of decreases. Over the last six months the detached market has been somewhat volatile. Fluctuating within a 48k window.
- Condo: In February 2025 the condo benchmark price dipped below its 2024 counterpart. Since then, condos have been essentially the same price as they were the previous year. The benchmark price continues to fluctuate within in the same $20,000 window as it has for a year now.
Port Coquitlam Market Snapshot (a review):
- Over the last six months the real estate market in Poco has developed as follows:
- November saw a third month in a row for supply decreases, stready sales, and a large drop off in the detached benchmark price.
- The year finished continually decreasing supply, a holiday sales slump, & increasing prices for attached homes.
- 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.
- 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.
- 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.
- 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.
Year-over-year Comparison:
- Two months before the end of 2024 the detached market peeked, directly proceeded by two months of steep decline. 2025 started with two months of recovery...but the last two months have erased much of that progress and the benchmark price sits just $7800 above where it did in January.
- 2025's pricing decreases come at the exact time 2024 was seeing an increase. For the last two months the gap between 2024 and 2025 had been narrowing. In April we dipped $29,800 below the 2024 benchmark.
- This is the first time detached homes have dipped below the previous year's benchmark since June 2023 dipped below June 2022 (which was near the all time market peak of May 2022).
- Last year townhouses never truly recovered after an early spring peak.
- October 2024 was a low point with the benchmark price dipping below $900,000 for the first time in 2024; the lowest benchmark since March 2023.
- November & December both saw improvement, but January 2025 was a large step backwards.
- After jumping up in February, March saw the benchmark price inch upwards & April saw a moderate increase.
- It is now the highest is has been in eleven months, since May 2024.
- Currently under $10,500 below the 2024 peak which was exactly 1 year ago.
- After peaking in February 2024 the condo market has really levelled off.
- Feb 2024 the benchmark price was $650,200.
- Since then lowest the benchmark price has fallen is $23,200 (November 2024)
- As of April 2025 the benchmark is just $9,100 below the 2024 peak.
- For 14 months now pricing has continued to ebb and flow depending on the style of unit available and the number of buyers in the market. It remains the most steady pillar in the market. Not surpassing the 2024 peak...but also not falling far from the high.
- 2025 has perfectly alternated months between benchmark increase and decrease. Fluctuating in a $13,700 window.
Overall Supply & Sales Update:
Compared to the same time last year supply remains high:
- Detached: +27%
- Condo: +56.3%
- Townhouse: +43.6%
When April supply is compared to March:
- Detached: 5 more listings than in March
- Condo: 23 more listings than in March
- Townhouse: 3 more listings than in March
Compared to the same time last year sales have decreased:
- Detached: -22.9%
- Condo: -47.8%
- Townhomes: -14.3%
Sales held/increased month over month (compared to March):
- Detached: 8 more sales than March
- Condo: 4 less sales than March
- Townhouse: 4 more sales than March
•••
Detached Market Update:
- April 2025 vs 2024 sees the detached benchmark price decrease by $29,800.
- October 2024 saw the most substantial pricing increase in the last 12 months. $37,800 in 30-days. Followed by two down months.
- The first three months of 2025 were stronger than the last three months of 2024.
- April was the first month to show any real sign of softening prices.
- It was the second month the benchmark did not rise & May will be telling of the detached markets trajectory for the summer months.
- 2024 finsihed with the years only two sub 1.4 months.
- For the majority of the last 12 months is has been fairly steady.
- In 2023 there were 8 months of a sub 1.4 benchmark.
- Pricing peak:
- We are now $48,400 below the 2024 peak.
- & $11,600 below the 2025 peak.
Detached Home Benchmark Pricing:
- May: $1,446,900
- June: $1,423,900
- July: $1,436,900
- August: $1,432,100
- September: $1,419,100
- October: $1,456,900
- November: $1,392,700
- December: $1,379,500
- January 2025: $1,401,100
- February: $1,420,500
- March: $1,418,500
- April: $1,408,900
•••
Townhouse Market Update:
- October 2024 was the low point for the townhouse market. The benchmark price had dropped $69,800 in just 60 days.
- It has now been half a year since townhouses struggled to regain their footing and since then they have been experiencing the strongest growth within the local market.
- Townhouses are now just $10,500 below the 2024 market peak which was exactly one year ago, in April 2024.
- Townhouses are now at their highest benchmark since May 2024 and the benchmark price has climbed $72,500 in just six months.
- Despite this segments strength four of the last seven months have seen the benchmark price below the previous year.
Townhouse Benchmark Pricing:
- April: $965,900
- May: $964,900
- June: $950,600
- July: $943,200
- August:$952,700
- September: $900,200
- October: $882,900
- November: $936,600
- December:$940,700
- January: $924,200
- February: $950,000
- March: $950,700
- April: $955,400
Summary:
The 2025 market remains cautious, with rising inventory and subdued buyer activity creating a slow-paced but steady spring.
Detached homes have lost ground after a brief recovery. Townhouses are the strongest performers, steadily climbing for six months and nearing last year’s peak. Condos continue to hold stable for over a year and showing minimal volatility.
Sales remain well below 2024 levels, while supply continues to climb—offering buyers more options and negotiating power. Sellers are facing more competition and must stay sharp on pricing and presentation.
Overall, the market isn’t fast-moving, but it’s active. With the right strategy, both buyers and sellers can still find success this spring.
As we move toward summer, a key concern is the growing potential for market stagnation. Listings are beginning to linger, with many homes sitting longer without notable price movement. This trend is especially evident in the detached segment, where softening demand is now starting to create downward pressure on prices. With both buyers and sellers showing hesitation, the overall pace of the market risks slowing further—making strategy and timing more critical than ever.
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!