Benchmark prices are up across the board, between 25.6-32.9% over thier 2021 counterparts.
Six months after breaking $1,500,000 detached homes surpassed the $1,600,000 mark in December.
Two months later they blew past a benchmark price of $1,700,000.
Now, in just 30 days detached homes have increased an average of $89,200 and passed the $1,800,000 benchmark
The trend of explosive growth continues...
March marks the 23rd consecutive month over month increase for detached home pricing.
September: $1,516,200
October: $1,538,700
November: $1,577,900
December: $1,616,200
January: $1,675,700
February: $1,744,200
March: $1,833,400
In one year benchmark prices for detached homes in Coquitlam have increased $399,600
Supply continues to fluctuate as condos see a massive surge, townhomes trudge forward slowly, and detached homes lag behind.
March 2022 saw 99 less detached listing than the same time last year; a decrease of nearly 32%.
March saw 59 more condo listings than February, putting 2022 on par with 2021's supply.
Townhouses are still down 29.5% compared to 2021's supply, but March saw 13 more listings than February.
February saw a the first large pricing increase for townhouses since May 2021.
March continues February's pace with a $52,100 increase in benchmark pricing in 30 days.
Townhouse prices may be beginning to close the large gap that has formed between townhomes and detached homes and a series of prices jumps may be on the way
August: $848,900
September: $863,600
October: $878,100
November: $890,100
December: $904,500
January: $938,300
February: $1,002,100
March: $1,052,200
Townhouse benchmark pricing is $260,900 higher than the same time in 2021.
Townhouse prices have now increased for 19 consecutive months.
