Port Coquitlam Sales April 2021 vs 2020- Market Sees Supply Increase

Benchmark prices are up across the board in Port Coquitlam between 11.3-27.2% over thier 2020 counterparts. 
The April benchmark for detached homes was $267,000 higher than its 2020 counterpart.
This marks one year of consecutive month over month increase for detached home pricing;
April: $917,000
May: $921,900
June: $923,700
July: $980,000
August: $993,500
September: $1,017,900
October: $1,034,400
November: $1,039,300
December: $1,055,000
January: $1,094,800
February: $1,135,600
March: $1,226,400
April: $1,248,500


Benchmark pricing has increased over $331,500 over the last year.

New Record:

Port Coquitlam stand alone homes have once again achieved their highest ever benchmark pricing for the fifth consecutive month.
The last time prices were at this level of a premium was in May of 2018 when the benchmark price was $1,049,400.
Pricing is now an average of $199,100 above 2018 peak pricing.



Supply has shrunk for townhouses has shrunk 10.5% compared to the same time last year.
Supply for detached homes has increased over the same period the previous year for the second time since April 2019.
Supply for detached homes is up 25.3% compared to April 2020 which is helping level out pricing increases.
Condos supply has also increased by 5.3%


Sales have increased by a staggering amount across the board between 61.5%-368.8%



Single family detached homes continue to remain at the forefront of Port Coquitlam's market with perpetual pricing increases, and sustained demand.

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