Coquitlam Sales December 2021 vs 2020- Detached Homes Break $1,600,000

Benchmark prices are up across the board, between 16.8-25.1% over thier 2020 counterparts. 

After breaking the $1,500,000 mark in June detached homes began to slow their rapid price increase.
However, along with the rest of the Tri City area, October through December have seen a return to large monthly pricing increases.
Just six months after breaking $1,500,000 detached homes have surpassed the $1,600,000 mark.

October saw a $22,500 increase over September's benchmark price.
November saw $39,200 increase over October's benchmark price.
December saw a $38,3000 increase over November benchmark price.
In the last 60 days the benchmark price for detached homes has increased $77,500


December marks the 18th consecutive month over month increase for detached home pricing.

June: $1,501,800
July: $1,505,400
August: $1,508,600
September: $1,516,200
October: $1,538,700
November: $1,577,900
December: $1,616,200

December 2021 prices are $324,400 higher than November 2020.

December was a slow month in terms of supply accross the board.
The entire market saw a large decrease in supply compared to the same period in 2020: 40.5-85.1%

Stock is also down compared to November 2021, marking this the fourth consecutive month of steadly lowering supply:
Detached: -68%
Condo: -271.2%
Townhouse: -670%


Townhouse benchmark prices may not be increasing as rapidly as detached homes, but prices have been slowly creeping up since their May 2021 price jump:

April: $786,700
May: $833,900
June: $843,200
July: $847,300
August: $848,900
September: $863,600
October: $878,100
November: $890,100
December: $904,500

Townhouse benchmark pricing is $170,900 higher than the same time in 2020.
Townhouse prices have now increased for 16 consecutive months.

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