Coquitlam Sales July 2021 vs 2020- Market Shows Signs of Stabilizing

Benchmark prices are up across the board, between 11.3-22.6% over thier 2020 counterparts. 
Since April's benchmark price increase detached home's have begun to cool of. 
July only saw a $3600 increase over June's benchmark prices.
Although the pace has slowed this marks the 13th consecutive month over month increase for 2020/21 detached home pricing...
and the first time benchmark prices have broken 1.5 million;

June: $1,210,700
July: 1,228,300
August: $1,229,600
September: $1,240,900
October: $1,262,100
November: $1,272,900
December: $1,291,800
January: $1,321,100
February: $1,363,000
March: $1,433,800
April: $1,478,800
May: $1,499,100
June: $1,501,800
July: $1,505,400

After April, May, and June saw supply increases for detached homes, supply dropped in July with 15.5% less listings than the same time in 2020.

In July supply decreased for condos and townhouses, 27.7% and 51.9% respectively.

Just like Poco, Coquitlam saw middling sales for the month of July.
Detached decreased 7.3%, while condos saw a 22.4% increases, and townhomes took a large hit with a 20.4% decrease.

Housing prices have out-performed their previous year benchmark price for the following number of consecutive months:

17 Detached Homes
18 Townhomes
7 Condos


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