Port Coquitlam Sales August 2020 vs 2019 - (Single Family Homes In Demand--Poco Leading The Tri City Market)

Benchmark prices are up across the board in Port Coquitlam between 4.6-9.4% over thier 2019 counterparts. 
Ninth consecutive month datached home prices have out-performed their previous years benchmark price.
Detached home's benchmark pricing increases over $13,000 this month; marking the fourth consecutive month over month increase for 2020 detached home pricing;
April: $917,000
May: $921,900
June: $923,700
July: $980,000
August: $993,500


Supply has shrunk between 9.3-46% while sales increase between 27.8-33.3%
More compitition for fewer homes.


Single family detached homes continue to remain at the forefront of Port Coquitlam's market with a strong pricing increase and continued demand.
Overall Port Coquitlam shows the strongest sales/pricing increase in the Tri City area for the second consequtive month
& the area remains at the forefront of the summer 2020 market.

Snap shot: less supply & higher pricing. Sellers market.
Single family homes in high demand.



poco aug