Port Coquitlam Sales October 2020 vs 2019 - Single Family Homes Continue To Lead The Way

Benchmark prices are up across the board in Port Coquitlam between 6.5-13.1% over thier 2019 counterparts. 
Eleventh consecutive month datached home prices have out-performed their previous years benchmark price; the October 2020 benchmark was $119,000 higher than its 2109 counterpart.
This marks the sixth 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
September: $1,017,900
October: $1,034,400

Benchmark pricing increased over $117,400 in just 7 months.

Supply has shrunk between 37.7-42.2% for detached and townhomes respectively, while condo supply has increased 19%
Sales increase acress the board between 4.5-23.5%

Single family detached homes continue to remain at the forefront of Port Coquitlam's market with perpetual pricing increases, and ever rising demand.
Overall Port Coquitlam shows the strongest pricing increase in the Tri City area for the fourth consequtive month

Snap shot: Sellers market for detached homes and townhomes.
Single family homes in high demand.

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