Benchmark prices are up across the board in Port Coquitlam between 17.2-29.4% over thier 2020 counterparts.

 The December benchmark for detached homes was $310,200 higher than its 2020 counterpart. 

December marks a new benchmark high for detached homes in Port Coquitalm as sale prices see a sizable 30-day increase of $41,700
A shortage of stock is fueling a rapid price increase for all markets in the Tri City area.

Detached homes benchmark pricing is now $112,200 above May's previous all time record high.
December marks the 6th month of pricing increases after prices took a significant dip, of $20,200, in June 

 
Detached home benchmark pricing:

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
December: $1,365,200

With low stock continuing to plague the market prices will likely to continue to trend upward at a steady pace.
Compared to the same time last year supply was down between 50-82.4%

Even when compared to November 2021, supply has continued its downward trend.
Detached homes saw a 108% decrease in supply over the last 30 days. 
Condos saw a 213% decline, and townhouse supply saw a staggering 367% decline in active listings since November 2021.


Even with record low supply the market remains very busy, with sales numbers nearly identical to December 2020.
This means homes-mostly-sell without fail in multiple offers. 


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 December.

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
December: $850,300

All time high prices across the board. Low supply. High demand. And predicted future increases.

The market continues to soar.