Benchmark prices are up across the board in Port Coquitlam between 15.3-24.6% over thier 2020 counterparts.

 The October benchmark for detached homes was $254,600 higher than its 2020 counterpart. 
October marks a new benchmark high for detached homes in Port Coquitalm as prices, once again, continue to climb quickly.
A stock shortage is providing the market with--an unheard of--second large price jump in less than a year.

Detached homes benchmark pricing is now $36,000 higher than May's previous record. 
Prices took a significant dip in June before beginning to climb back up to their previous heights. 

The benchmark price for detached homes climbed $23,600 in the last 30 days. 
 
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

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 28.9-70%

Even when compared to September 2021, supply has continued its downward trend.
Detached homes saw a 17% decrease in supply over the last 30 days. 
Condos saw a 12% decline, and townhouses a staggering 56% decline in the past month.



Even with low supply the market remains busy and sales for condos and townhouses have increased compared to Septeber 2021;
26% and 33% respectively


Townhouse benchmark prices have been slowly creeping up since their March 2021 price jump; however after siz months of trending upwards they have leveled out. 

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

Townhouse benchmark pricing is $150,300 higher than the same time in 2020.