Coquitlam Sales August 2021 vs 2020- Low Supply, Strong Sales

Benchmark prices are up across the board, between 10.9-22.7% over thier 2020 counterparts. 

Detached homes have begun to slow their rapid price increase. August only saw a $3200 increase over July's benchmark prices;
very similar to July's $3600 increase over June.
Although the pace has slowed this marks the 14th consecutive month over month increase for detached home pricing.

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
August: $1,508,600

August 2021 prices are $279,000 higher than August 2020.

August was a slow month in terms of supply accross the board. The entire market was short on supply compared to both August 2020 & July 2021.
Townhomes saw a staggering 54.2% decrease in supply compared to July 2021.
Detached homes saw the second biggest decrease with a 17.8% decline compared to July 2021.
Compared to the same time last year supply was down between 35.1-61.1%


Across the board August 2021 saw less sales than July 2021, but compared to August 2020 there were some increases.
Detached increased 17.6%, while townhomes saw a 6.7% decrease, and condos jumped up 32.1%.

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