Benchmark prices are up across the board in Port Coquitlam between 25.8-31.7% over thier 2021 counterparts.
 The March benchmark for detached homes was $388,600  higher than its 2021 counterpart. 

March marks a new benchmark high for detached homes in Port Coquitalm as sale prices see a staggering 30-day increase of $72,400;
and a massive $166,900 incrase in just 60 days. 

Detached homes have now broken $1,600,000 for the first time.


March marks the seventh consecutive month that detached homes have set a new all time price record.
In the last seven months detached homes have increased an average of $349,600.

 
Detached home benchmark pricing:

July 2021: $1,241,000
August:$1,249,300
September: $1,265,400
October: $1,289,000
November: $1,323,500
December: $1,365,200
January2022: $1,448,100
February: $1,542,600
March: $1,615,000

As we begin spring supply continues to increase across the board, however, the market is still facing a supply shortage compared to the same time in 2021.

Compared to the same time last year supply was down between 25-42%

Supply has now risen across the board for three consecutive months.
A balanced market may be on the horizon.

Detached homes saw a 21.4% increase in supply over the last 30 days.
Condos saw a 22.9% increase, and townhouse supply saw a massive 57.9% increase in active listings.



Townhouse' benchmark prices took continue to edge towards $1,000,000 in March.

We are now just $20,300 away from the average Port Coquitlam townhouse costing over a million.

The benchmark price for a townhome is $226,100 higher than the same time last year.

July: $795,300
August: $797,700
September: $814,100
October: $812,800
November: $826,500
December: $850,300
January: $870,100
February: $939,300
March: $979,900

All time high prices across the board. Increasing supply. High demand. And predicted future increases.