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 October 20th and compared with August 28th meaning the findings represent the markets overall shift in the last 53 days.
Click Here for August 28th compared with May 13th
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Number of detached listings;
- Port Coquitlam: 170 (up 27)
- Coquitlam: 510 (up 32)
- Port Moody: 124 (down 1)
Summary:
- After a very active January and February 2025 has been marred with a low level of buyers and record-breaking supply. July withstanding.
- During our May check in Greater Vancouver already had the highest number of active listings since 2014.
- Supply in the Tri City area climbed between March & June. Leveled off in July, began to ease off in August…and started to climb again in September.
- July was an anomaly. A busy month, with a high number of active buyers, but buyers began to withdraw in August…and September was, comparatively, dead slow.
- Right when it seemed as though supply was getting under control tides shifted and we are now building out again even though buyers have been sparse.
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List Price:
Port Coquitlam:
- High - $4,350,000 (10 acres)
- Low - $928,000 (building lot)
- Average -$1,588,910 (down $40,613)
- Median - $1,488,000 (down $11,900)
Coquitlam:
- High - $7,600,000 (development potential by Coq Centre)
- Low - $879,000 (townhouse style home)
- Average -$2,320,068 (down $85,470)
- Median - $2,098,900 (down $97,600)
Port Moody:
- High - $7,299,000 (over 8000 sqft home on an acre)
- Low - $1,190,000 (rental, mainly land value)
- Average -$2,678,689 (down $25,297) --in May the average down close to 300k
- Median - $2,286,500 (down $61,500) --in May the median was down 315k
Summary:
- 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.
- As buyers returned in July prices began to drop in both Poco & Coquitlam (prices in Port Moody were still adjusting from May). Active sales were putting downward pressure on prices.
- 2.5 months later and it seems as though July set a precedent…if you want to sell your home your price needs to be ‘sharp.’
- The main problem now…prices have adjusted downwards, but buyers have not returned after quickly departing after a July push.
- Port Coquitlam has experienced the smallest amount of downward pressure over the last few months…but it was also hit a lot harder in August.
- The bottom-line is…prices are down. & so are sales. Where will balance be found? That depends on buyer’s appetite.
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Days on Market:
Port Coquitlam:
- High - 1091
- Low -0
- Average - 198 (down 6)
- Median - 48 (down 21)
Coquitlam:
- High - 1663
- Low - 0
- Average - 114 (down 5)
- Median - 60 (down 9)
Port Moody:
- High - 335
- Low - 0
- Average - 83 (down 4)
- Median - 48 (down 28)
Summary:
- Decreasing prices have helped days on market come down. But there are still not as many buyers as there tends to be in a traditional fall. For that reason the average days on market for the Tri City area still sits at 52…nearly 2 months to make a sale.
- Also, the issue with days on market (DOM) as a metric…sales can actually increase the total. When newer more desirable homes sell it clears out inventory leaving just the older stale listings to drive up DOM. Sellers can also re-list listings that have sat on the market for a long time resetting their total DOM. The statistic is variable.
- Until there is a greater increase/decrease in active listings DOM it is hard to call any shift a trend. Rather a nuanced variance based on the style of home currently available and the listing realtors strategy for gaining market attention.
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Overview:
A year defined by imbalance – After starting 2025 with early-year enthusiasm, the Tri-City detached market remains weighed down by record-breaking supply and thin buyer activity. July offered a brief reprieve, but momentum has since faded.
Inventory climbs again – Following a steady buildup through spring and a mid-summer plateau, detached listings began to rise once more in September. As of October 20th, Port Coquitlam, Coquitlam, and Port Moody collectively added nearly 60 homes for sale compared to their late August total.
July’s momentum didn’t last – Buyer engagement surged mid-summer, reducing prices and active listings. But by August, activity had slowed considerably, leaving September among the quietest months of 2025 (one of the quietest in years).
Downward price adjustments take hold – Prices are now clearly trending lower across the region. Coquitlam and Port Coquitlam have seen notable reductions in both median and average values, while Port Moody—after a sharp correction earlier in the year—continues to edge slightly lower. Sellers are discovering that only “sharp” pricing attracts offers.
Buyers remain hesitant – Despite softer prices and improved value, buyer participation has yet to recover. The result is a market defined by higher inventory, longer sales timelines, and cautious sentiment heading into fall.
Days on market improve—slightly – Homes are selling a bit faster than in August, but averages still hover near two months across the Tri-Cities. Newer, well-priced listings are moving, while older ones continue to linger, keeping the overall DOM inflated.
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