Coquitlam Sales October 2021 vs 2020- Low Supply Continues

Benchmark prices are up across the board, between 12.9-21.9% over thier 2020 counterparts. 

After breaking the $1,500,000 mark in June detached homes began to slow their rapid price increase.
However, Ocotber saw largest 30 day increase in 6 months.
October saw a $22,500 increase over September's benchmark prices.

October this marks the 16th consecutive month over month increase for detached home pricing.

January: $1,321,100
February: $1,363,000
March: $1,433,800
April: $1,478,800
May: $1,499,100
June: $1,501,800
July: $1,505,400
August: $1,508,600
September: $1,516,200
October: $1,538,700

October 2021 prices are $276,600 higher than October 2020.

September was a slow month in terms of supply accross the board.
The entire market saw a large decrease in supply compared to the same period in 2020: 41.5-77.8%
Supply is also down compared to September 2021, marking the second consecutive month of low stock:
Detached: -25%
Condo: -23%
Townhouse: -49%


Townhouse benchmark prices may not be increasing as rapidly as detached homes, but prices have been slowly creeping up since their May 2021 price jump:


March: $757.000
April: $786,700
May: $833,900
June: $843,200
July: $847,300
August: $848,900
September: $863,600
October: $878,100

Townhouse benchmark pricing is $151,600 higher than the same time in 2020.
Townhouse prices have now increased for 14 consecutive months.


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