Tri City Detached Home Listing Comparison

From record-breaking supply to summer price swings — here’s what’s really happening in the Tri-Cities housing market:

The Tri Cities are an informal grouping of the three adjacent cities of Coquitlam, Port Coquitlam, and Port Moody. The Tri Cities also includes the two villages of Anmore and Belcarra. The entire area is located in the northeast sector of Metro Vancouver, and combined, these five communities have a population of roughly 234,000 residents. With vibrant culture, abundant natural beauty, a central location, and a drive to continually evolve and elevate...it is a fantastic place to look for a home.

All statistics below were gathered on August 28th and compared with May 13th meaning the findings represent the markets overall shift in the last 102 days.

Click Here for May 13th compared with February 18th
 

•••

Number of detached listings;

•  Port Coquitlam: 143 (down 19)
• Coquitlam: 478 (down 38)
  
• Port Moody: 125 (up 7)
  

Summary:

1. After a very active January and February 2025 has been marred with a low level of buyers and record-breaking supply.
2. During out May check in Greater Vancouver already had the highest number of active listings since 2014.
3. Supply in the Tri City area climbed between March & June. Leveling off in July & only in August truly begging to ease off.
4. July was a busy month, with many active buyers which assisted in supply finally beginning to ease off over the last 5+ weeks.
5. It is about the market settling in to a ‘new normal’ and adjusting to the current state of world affairs.

 •••

List Price:

Port Coquitlam:

• High - $4,888,000 (15 acres)
• Low - $928,000
  
• Average -$1,630,523 (down $70,950)
• Median - $1,499,900 (down $100,000)

Coquitlam:

• High - $8,000,000 (land assembly)
• Low - $899,900 (townhouse style home)
• Average -$2,405,538 (down $127,120)
• Median - $2,196,500 (down $103,500)
  

Port Moody:

• High - $7,299,000 (over 8000 sqft home on an acre)
• Low - $1,190,000 (600 sqft home)
• Average -$2,703,986 (up $15,710) --in May the average down close to 300k
• Median - $2,348,000 (up $63,500) --in May the median was down 315k

Summary:

1. For most of 2025 the market has been relatively balanced as everyone waited for oversupply to put downward pricing pressure. For a long time this didn’t happen…but also not many homes were selling.
2. It has now been 102 days since our last update and prices have come down substantially in both Poco & Coquitlam. Buyers returned to the market in July and as more homes began to sell prices started to edge downward.
3. In May both Port Moody’s median & average price dropped substantially due to luxury/development listings. Because of the overcorrection in May Port Moody is the only area in the Tri Cities to see an increase.
4. We now have to wait and see if prices will settle where they are or continue to drop in order to liquidate more of the remaining oversupply. 

 •••

Days on Market: 

Port Coquitlam:

• High -  1038
• ​​Low - 2
• Average - 104 (up 22)
• Median - 69 (up 27)

Coquitlam:

• High -  1610
• ​​Low - 0
• Average - 119  (up 12)
• Median - 69 (up 15)
  

Port Moody:

• High -  282
• ​​Low - 3
• Average - 87 (up 31)
• Median - 76 (up 34)  

Summary:

1. Despite decreasing prices and reduced supply days on market are still up. Yes July was an extremely active month for buyers…but things slowed down again in August.
2. Also, the issue with days on market as a metric…sometimes a busy market can increase the total. When homes sell it clears out inventory leaving just the older stale listings to drive up days on market.
3. Until there is a greater decrease in active listings days on market will remain high regardless of how active the market actually is.

•••

Overview:

1. A year of extremes – After a very active start in January and February, 2025 quickly shifted to record-breaking supply paired with fewer committed buyers. By May, Greater Vancouver had already reached the highest inventory levels since 2014.
2. Supply surge, then slowdown – In the Tri-Cities, listings steadily climbed from March through June. They finally leveled off in July and have only just begun to ease in August.
3. July brought relief – Buyer activity surged in July, helping absorb some of the excess supply. This burst of demand was the first step in reducing the pressure from oversupply, leading to a modest easing of active listings over the past 5+ weeks.
4. Price corrections in Poco & Coquitlam – After months of stalling, prices have now come down substantially in both Port Coquitlam and Coquitlam. Buyers returned mid-summer, and with more homes finally selling, downward pricing pressure became unavoidable.
5. Port Moody’s correction – In May, Port Moody’s average and median prices dropped sharply due to an oversupply of luxury and development listings. That overcorrection now makes Port Moody the only Tri-City showing price increases this summer.
6. Days on market remain elevated – Despite falling supply and softer prices, homes are still taking longer to sell. This is partly because of the high number of stale listings left behind as newer, well-priced homes move quickly. Until overall inventory shrinks further, days on market will stay high, even in busier periods.

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