Benchmark prices are up across the board in Port Coquitlam between 16.3-27.3% over thier 2020 counterparts.

 The November benchmark for detached homes was $284,200 higher than its 2020 counterpart. 
November marks a new benchmark high for detached homes in Port Coquitalm as sale prices see a sizable 30-day increase of $34,500
A stock shortage has provided the market with--an unheard of--second substantial price jump in a 12 month period.

Detached homes benchmark pricing is now $70,500 higher than May's previous all time record high.
Benchmark prices broke $1,300,000 for the first time ever in November. 
November makes the 5th month of pricing increases after prices took a significant dip, of $20,200, in June 

 
Detached home benchmark pricing:

March: $1,226,400
April: $1,248,500
May: $1,253,000
June: $1,232,800
July: $1,241,000
August:$1,249,300
September: $1,265,400
October: $1,289,000
November: $1,323,500

The trend of low supply continues as all areas see marked drops in supply compared to the same time in 2020.
Compared to the same time last year supply was down between 25.4-61.2%

Even when compared to October 2021, supply has continued its downward trend.
Detached homes saw a 19.4% decrease in supply over the last 30 days. 
Condos saw a 31.8% decline, and townhouse supply remain stagnant.


Even with low supply the market remains busy, and sales remain strong; comparable to the same time in 2020.


Townhouse benchmark prices have been slowly creeping up since their March 2021 price jump. 
After six months of trending upwards prices leveled in October before seeing another price bump in November.

February: $697,600
March: $753,600
April: $774,700
May: $780,000
June: $790,900
July: $795,300
August: $797,700
September: $814,100
October: $812,800
November: $826,500

All time high prices across the board. Low supply. High demand. And predicted future increases.
The market continues to soar.