Port Coquitlam Market:

September 2025 vs 2024 

Day on market increase heavily with increasing stale supply.

Hesitancy reigns in the detached market as supply increases and buyers wait for best 'deal'

Attached market slips even as sales increase

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. September was the fourth month in a row the benchmark is down, however, the decrease has slowed greatly. It has now dropped $42,500 since May.
2. Detached: After remaining stable for the first half of the year detached homes begun to trend downwards taking a big step backwards in both June and July. August saw the decrease level out and, after three months of decreases, September saw the scales balance. The benchmark has now dropped $50,200 since May.
3. Condo: In September the condo market continued to trend downwards. The benchmark has decreased $33,100 since June.
1. The 2025 benchmark high was $645,400 back in January. September's benchmark is now $40,200 below the high.
2. Over the last three months the condo market has undergone a massive shake-up. The main questions now is...how much lower can the benchmark drop?
3. Until July it had been well over 18 months since the benchmark had fluctuated more than $20,000 cumulatively. We have now seen double that fluctuation in just 9 months. Over a 6% drop in less than 10 months. 
4. Supply came down for the second month in a row, but it is still sky high. 
5. The reduction in price did help sales rebound in September with a 62% increase over August. 

 Port Coquitlam Market Snapshot (a review):

1. Over the last six months the real estate market in Poco has developed as follows:
1. 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.
2. 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.
3. 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.
4. 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. 
5. 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.
6. The only unanimous change in September was that stale supply drove up days on market. Detached homes saw pricing level out, but sales plummet, and supply continue to balloon. Both condos and townhouses saw sales increases...but prices decrease.

Year-over-year Comparison:

1. June-August saw detachedprices tumble 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. June-August saw the benchmark drop $55,400. 
   1. While the 2025 summer decline was less aggressive than it was for year-end 2024 the benchmark price is still $17,700 below where it was in December 2024.
   1. For the fifth 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.
   2. The last time the detached benchmark was this low was April 2023 when it was $1,354,300. Currently detached homes are at a 29 month low. 

1. How has the townhouse market has evolved since dipping under $900,000 in October 2024?
1. After February through May solidified the townhouse market as the strongest pillar within Port Coquitlam August saw townouses take their first real hit of 2025.
2. A $27,300 tumble in August knocked townhouses off their pedestal.
3. In the 30 days since, compared to September 2024, all stats aside from the number of sales has increased. But month-over-month the picture is not as positve.
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. 
2. Each of the last 3 months has marked a new lowpoint for the condo market.
3. September's benchmark is $21,800 lower than Nov 2024. Shattering 1.5 years of stability.
2. Now the benchmark is the lowest it has been since December 2022 when it was $599,200. A 33 month low. 
3. For the fourth month in a row active listings are down.
4. After sales dropped by nearly 50% in August when compared to July they have rebounded in September increasing by 11.
5. Finally sales have increased year-over-year. If supply continues to drop and sales remain strong September may end up marking a low point for the condo market before it starts to level off and eventual rebound. 

Overall Supply & Sales Update:

 
Compared to the same time supply varies: 

• Detached: -3.6%
• Condo: +11.9%
• Townhouse: +24.6%

Supply varies when September is compared to August:

• Detached: 20 more listings than in August
• Condo: 11 less listings than in Agust
• Townhouse: 3 more listings than in August

Compared to the same time last year sales vary:

• Detached: -46.2%
• Condo: +31.8%
• Townhomes: -26.7%

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

• Detached: 11 less sales than August (down 270%)
• Condo: 11 more sales than August
• Townhouse: 3 more sales than August

••• 

Detached Market Update:

1. September 2025 vs 2024 sees the detached benchmark price decrease by $57,300.
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 $58,700.
1. In the last 30 days the benchmark increase was minor. Just $5,200.
2. In a 90 day window, between June & August, there was a steep $55,400 decline.
3. The benchmark is still down over $50,000 in the last 120 days. 
4. From January to May the benchmark was stable 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 29 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. 
4. Although the benchmark increased in September sales decreased dramatically compared to August...and August was already down compared to July. This months question is the same as August's...will pricing have to drop more substantially in order to attract more buyers? Despite low sales detached homes are still seeing the largest supply increases out of any segment of the market. If buyers do not return in October the detached market may be in for a rough road. 

Detached Home Benchmark Pricing:

1. October: $1,456,900
2. November: $1,392,700
3. December: $1,379,500
4. January 2025: $1,401,100
5. February: $1,420,500
6. March: $1,418,500
7. April: $1,408,900
8. May:  $1,412,000
9. June: $1,382,900
10. July: $1,359,500
11. August: $1,356,600
12. September: $1,361,800

•••

Townhouse Market Update:

1.  In the last 12 months October 2024 was the low point for the townhouse market. The benchmark price had dropped $69,800 in just 60 days.
2. Although townhouses quickly rebounded 2025 started off with a big benchmark dip.  
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. 
1. Since May's high the townhouse market has struggled to maintain.
5. Although June & July had benchmark stumbles the really decline didn't hit until August.
1. In a 30 day period the benchmark dropped $27,300.
6. In September the decline slowed showing signs of balance...but it did not fully stop with a $4,100 decline.
7. Now the benchmark price is $30,900 above the 12 month low which was also the lowest benchmark since Jan 2023.
8. Seven of the last 12 months have seen the benchmark price below the previous year.
1. In July it is 0.2% above the previous year.
2. & in August it is 3.7% below August 2024
3. Now it sits 1.5% above September 2024 ($13,600)
9. August was the first month in 2025 that townhouses were not the best performing segment of the market in Port Coquitlam 
10. In September the townhouse market returned to the forefront with increasing month-over-month sales and a relatively stable price/supply.
1. Although detached homes saw a benchmark increase it was minor and their sales completely dropped off while supply climbed. A bad combo.
2. & condos expierenced a large benchmark decrease.
11. Yes townhouses performed the strongest in September but given overall market conditions that isn't high praise. Will the balance hold in October or will we edge closer to the 12 month low? 

Townhouse Benchmark Pricing:

1. October: $882,900
2. November: $936,600
3. December:$940,700
4. January: $924,200
5. February: $950,000
6. March: $950,700 
7. April: $955,400
8. May: $956,300
9.  June: $949,600
10. July: $945,200 
11. August: $917,900
12. September: $913,800

 

Summary:

Port Coquitlam’s real estate market in September 2025 continued its late-summer adjustment—prices steadied, but confidence stayed weak. Stale listings pushed days on market higher, and while attached segments saw slight sales rebounds, detached homes remain burdened by growing inventory and hesitant buyers.

Detached values finally broke their losing streak with a minor $5,200 uptick, yet sales dropped sharply, and listings climbed ever higher. At $1,361,800, the benchmark sits over $50,000 below May and at a 29-month low—yet even with ‘deals’ abounding buyers remain cautious.

Townhouses edged down another $4,100, which is nothing compared to the August decline. Despite a $42,500 slide since May, values remain $31,000 above the 12-month low, supported by stable supply and rising sales. The segment once again leads the market, although it is resilience—not growth—that defines its strength.

Condos saw the sharpest reset. The benchmark has dropped $33,100 since June and now sits $40,200 below January’s high—it’s lowest since December 2022. Yet falling prices boosted activity, with sales up 62% month-over-month, hinting that a bottom may be forming with balance on the horizon.

Overall, September showed a market searching for balance: detached homes continuing to cool their repent price decline, attached sales recovering, and sellers actively adjusting their expectations as conditions reset heading into fall.

A transition is in full effect. Will oversupply and low sales push detached homes downward? Or will a fragile stability emerge at this new price point? Have condos finally reached a new low so they can begin a recovery? And will townhouses find balance before dipping below a 900k benchmark? September did bring a degree of stability but everything is still very much in flux.  

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