Port Coquitlam Market:

August 2025 vs 2024 

Is the market at a crossroads?

A quiet month after a bustling July.

Supply continues to decrease month over month as lower prices attract buyers. 

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: After climbing $66,000 in 8 months, pricing took a large step backwards in August. For the third month in a row the benchmark is down; it has now dropped $38,400 since May.
2. Detached: After remaining stable for the first half of the year detached homes have begun to trend downwards. For the third month in a row the benchmark is down. It has now dropped $55,400 since May.
3. Condo: For the last two months the condo market has seen its largest shack-up in roughly two years. The benchmark has decreased $21,200 since June.
1. The 2025 benchmark high was $645,400 back in January. August's benchmark is now $28,300 below the high.
2. The August drop nearly doubles the one between June-July & the July drop already more than doubled the benchmark fluctuation seen anywhere in the first 6 months of the year.
3. Until July it had been over a year and the half since the benchmark had fluctuated more than $20,000 cumulatively
4. Despite supply coming down August still had the 6th highest supply anytime in the last 5 years & sales nearly dropped by half compared to July. 

 Port Coquitlam Market Snapshot (a review):

1. Over the last six months the real estate market in Poco has developed as follows:
1. 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.
2. 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.
3. 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.
4. 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.
5. July was busy. All three segments of the market experienced year-over-year and month-over-month sales increases. 2/3 of the market have returned to 2024 levels of supply...and all of this activity has come at the expense of a benchmark pricing decrease accross the board. 
6. As a whole August can be categorized by decreases. Supply dropped across the board while sales were nearly cut in half compared to July. The benchmark price for both townhouses and condos took a sizable hit while detached homes edged downwards after being hit hard in July.

Year-over-year Comparison:

1. After five months of slow yo-yo style recovery the detached market took a turn in June. 
   1. Over the last three months prices have tubled in a very similar fashion to the 90-day decline between October & December of last year. 
   1. The last 3 months of 2024 saw the detached benchmark drop $77,400. 
   2. While the last 3 months of decline has been much less aggressive than it was at the end of 2024 the benchmark price is still $22,900 below where it was in December 2024.
   2. For the fourth 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 last time the detached benchmark was this low was April 2023 when it was $1,354,300. Currently detached homes are at a 28 month low. 

1. How has the townhouse market has evolved since dipping under $900,000 in October 2024?
1. August was the townhouse markets first true substantially down month since January. 
2. February through May solidified the townhouse market as the strongest pillar within Port Coquitlam.
3. Despite the benchmark dipping a very minor amount in June & July...it was still in the top 6 of benchmark prices over the last 12 months.
4. A $27,300 tumble in August has allowed the condo market to take the mantle as Poco's most stable facet within the  overall market. 
2. After peaking in February 2024 the condo market levelled off for nearly a year and a half before taking a turn in July.
1. In Feb of 2024 the benchmark price was $650,200.
1. Until July 2025 the low point, over the last 17 months, was November 2024. July 2025 is the new low. 
2. July's benchmark was $3,800 lower than Nov 2024.
2. Now 30 days later the benchmark is the lowest it has been since January 2024 when it was $612,900. A 19 month low. 
3. August marks only the second time in well over a year and a half that the condo market has experienced any real concrete pricing change in a 30 day window.
4. For the third month in a row active listings are down.
5. After increases for both June and July, sales dropped by nearly 50% in August when compared to July. 
6. Despite a reduction in supply and a dropping price...sales are still down...is a larger spike downwards coming? Or was August simply an off month. 

Overall Supply & Sales Update:

 
Compared to the same time supply varies: 

• Detached: -10.9%
• Condo: +43.2%
• Townhouse: +13.1%

Supply is down when August is compared to July:

• Detached: 19 less listings than in July
• Condo: 7 less listings than in July
• Townhouse: 4 less listings than in July

Compared to the same time last year sales vary:

• Detached: +46.2%
• Condo: -21.7%
• Townhomes: -52.9%

...it was the slowest month of the year for townhouse sales. For condos August was tied with May as the slowest month. 

Sales are up month over month (compared to June):

• Detached: 10 more sales than June
• Condo: 9 more sales than June
• Townhouse: 5 more sales than June

••• 

Detached Market Update:

1. August 2025 vs 2024 sees the detached benchmark price decrease by $75,500.
2. After starting out 2025 with three strong months the detched market stumbled for two months, creating 5 months of stability, before turning in June.
3. Since the 2025 peak in February the benchmark price has declined $63,900.
1. In the last 30 days the benchmark decrease was minor. Just $2,900.
2. In the 90 days however it has seen a steep $55,400 decline.
4. From January to May the benchmark was sable only fluctuating within a $19,000 window, but now the benchmark price is the lowest it has been since April 2023.
1. The worst benchmark performance in 28 months. 
5. Until June the majority of the detached markets perceived issues stemmed from a rough finish to 2024.
1. Jan - May simply didn't rebound as quickly as is traditional. But during that time supply built up.
2. July have brought supply back to the levels we saw between Jan and April when the market was rebounding from 2024...but it has done so at the cost of the benchmark price. 
3. Supply dropped again in August, but so did the number of sales. The question now becomes...to get another big month of sales (like July) will prices need to adjust further downwards? 

Detached Home Benchmark Pricing:

1. September: $1,419,100
2. October: $1,456,900
3. November: $1,392,700
4. December: $1,379,500
5. January 2025: $1,401,100
6. February: $1,420,500
7. March: $1,418,500
8. April: $1,408,900
9. May:  $1,412,000
10. June: $1,382,900
11. July: $1,359,500
12. August: $1,356,600

•••

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. Between February and July the townhouse market was rock solid with the benchmark never fluctuating more than $6,700 in a 30-day period.
4. Both April & May saw back-to-back benchmark peaks for 2025. Followed by June & July dipping...but only slghtly.
5. The benchmark price is still $35,000 above October 2024's low.
1. October 2024 was the lowest benchmark since January 2023. 
6. Seven of the last 11 months have seen the benchmark price below the previous year.
1. In June it was just 0.1% below. 
2. & in July it is 0.2% above the previous year.
3. Now it is 3.7% below August 2024
7. August was the first month in 2025 that townhouses were not the best performing segment of the market in Port Coquitlam 

Townhouse Benchmark Pricing:

1. September: $900,200
2. October: $882,900
3. November: $936,600
4. December:$940,700
5. January: $924,200
6. February: $950,000
7. March: $950,700 
8. April: $955,400
9. May: $956,300
10.  June: $949,600
11. July: $945,200 
12. August: $917,900

 

Summary:

Port Coquitlam’s real estate market cooled in August after July’s surge, with supply tightening but sales cut nearly in half month-over-month. Across all three housing types, prices slipped again—marking the third consecutive decline for both detached and townhouses, while condos extended their sharpest correction in nearly two years.

Detached homes remain under the heaviest pressure. Values have slid down more than $55,000 since May and are now at their lowest point since April 2023 (28 months ago). Even though the most recent drop was modest, the broader 90-day slide echoes the downturn seen at the close of 2024.

Townhouses, once the market’s most resilient pillar, stumbled in August. After eight months of steady strength, the segment posted its first substantial dip since January, giving up $27,300 and slipping back below much of 2024’s benchmark. Still, prices remain well above last October’s low, though momentum has clearly shifted.

Condos, long the steadiest class, have turned volatile. August’s decline was nearly double July’s, pulling values to a 19-month low and erasing much of 2025’s earlier stability. Despite reduced supply, sluggish sales hint at lingering caution, leaving it unclear whether August was a one-off or the start of a deeper reset.

Overall, August underscored a clear reversal: buyers are active enough to keep supply tightening, but prices continue to retreat across the board. The market is recalibrating, and the months ahead will reveal whether this is a temporary breather or the beginning of a more protracted adjustment.

  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