Benchmark prices are up across the board in Port Coquitlam between 13-25.7% over thier 2020 counterparts, 
which is consistent with July's statistics. 
 The August benchmark for detached homes was $255,800 higher than its 2020 counterpart. That is $5200 
closer to 2020 pricing compared to July 2021.
 
July benchmark pricing for detached homes outperform the previous month after momentarily declining in June. 

Prices for detached homes are once again nearing their peak which occured in May at $1,253,000. 

The benchmark price has increased $8,300 in 30 days; outperforming the 30 day increase during July.

March: $1,226,400
April: $1,248,500
May: $1,253,000
June: $1,232,800
July: $1,241,000
August:$1,249,300


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 the largest supply decline with a 29% decrease compared to July 2021.
 Detached homes saw the second biggest decrease with a 23.1% decline compared to July 2021.
 Compared to the same time last year supply was down between 5.7-77.1%


While home sales were on par with July 2021, they declined compared to August 2020 due in large part to lack of supply.
Detached: -7.7%
Condo: 0%
Townhouse: -8.7%



The condo and townhouse market continue to remain stable while the detached market begins to show signs of picking back up.