Tri City Detached Home Listing Comparison:

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 February 18th and compared with December 2nd meaning the findings represent the markets overall shift in the last 78 days.

Click Here for December 2nd and compared with September 26th

•••

Number of detached listings;

•  Port Coquitlam: 124 (down 14)
• Coquitlam: 367 (down 57)
  
• Port Moody: 89 (up 2)
  

Summary:

1. During our last update at the beginning of December supply was unanimously down across the Tri City area for the first time in well over 6 months.
2. 78 days later and supply has decreased again, although this time not as substantially.
3. Yes, Port Moody did see an uptick of two listings…but that is essentially status-quo.
4. It has been an active six weeks for the 2025 market, buyers have arrived early this year…but the number of new listings isn’t replenishing the sold homes.

 •••

List Price:

Port Coquitlam:

• High - $3,999,900 (RA1 zoning, land assembly)
• Low - $949,900 (600sqft rancher)
  
• Average -$1,740,127 (down $2,514)
• Median - $1,655,000 (down $34,000)

Coquitlam:

• High - $8,000,000 (land assembly)
• Low - $949,900 (townhouse style home)
• Average -$2,809,698 (up $89,325)
• Median - $2,560,000 (up $201,883)
  

Port Moody:

• High - $7,688,000 (over 8000 sqft home on an acre)
• Low - $1,165,000
• Average -$2,963,628 (down $36,300)
• Median - $2,600,000 (down $80,000)

Summary:

1. After an early ending to spring 2024 prices dropped last May. Since then, they haven’t truly recovered. Overall they have been in a holding pattern.
2. Prices will rise one month and fall the next based largely on the specific kind of supply that is up for sale.
3. Prices are still forecasted to increase by the end of 2025, but the specific % is now more uncertain do to global economic shifts. Regardless despite what specific statistic show prices are currently holding and sales are strong.
4. Coquitlam’s average and median both increased this time but only because the cities high end market isn’t moving. If you look at listings that have been active for at least 50 days, the median asking price is $3,000,000. And there have been 16 new listings since February 1^st for over $2,500,000. Meaning high end homes are hitting the market and sitting…artificially making it seem like the overall price is rising.

 •••

Days on Market: 

Port Coquitlam:

• High -  847
• ​​Low - 5
• Average - 112 (down 9)
• Median - 43 (down 27)

Coquitlam:

• High -  1443
• ​​Low - 0
• Average - 127  (up 12)
• Median - 91 (up 7)
  

Port Moody:

• High -  320  (previously 570)
• ​​Low - 0
• Average - 68 (down 12)
• Median - 35 (down 26)  - (was up 25 last time)

Summary:

1. Our last check in days on market in the Tri City area were up unanimously by at least 20 days. This time Coquitlam is the only city to see an increase, and again, it is because of a slow high-end market. Both Port Moody and Port Coquitlam have seen a reduction to days on market as 2025 has started off busier than is typical.
2. We are by no means reaching a frenzy, prices are not increasing exponentially, but fairly priced homes are coming to market and selling in a timely manner.

•••

Overview:

1. 2024 fell outside of normal patterns for a calendar year. The spring market ended early followed by a long cooling off period before finding a sense of balance. Much of the year was slow, but things ended on a high note.
2. Since picking back up in late October the market has remained steady.
3. So far in 2025 supply is down, prices continue to waver month-to-month based on style of supply, and days on market are reducing.
4. The activity is there, especially amongst buyers. It still appears as though we are headed to a promising spring. As long as world events do not derail the trajectory. As the weather improves we expect that the market will become increasingly busier.

 Click HERE for a long term 2025 Greater Vancouver market outlook

Are you looking to purchase a detached home in the Tri Cities? Let us know the particular area and style of home you are looking for and we will keep an eye on the market for you and let you know when your perfect home is listed.

Let our knowledge and expertise ease your mind, so you don't have to stress over the details. We are here to make your life easier!

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