Is the Tri-Cities Detached Market Quietly Shifting?

🔥 Market Momentum or Cooling Winds?

This month’s numbers tell a fascinating story. While inventory is climbing across the Tri-Cities, prices are softening and buyer behavior is shifting—especially in higher-priced areas. Here’s a deep dive into what’s really happening in the detached housing market across Coquitlam, Port Coquitlam, and Port Moody.

📍 Coquitlam: Abundance Meets Hesitation

• Benchmark Price: $1,750,600 ↓ 5.0% YoY

• Active Listings: 560 (↑ 37.6% from last year)

• Sales: 48 (↓ 11.1%)

• Avg Days on Market: 30 days (↑ 25%)

• Sales-to-Active Ratio: 8.6% → Buyer's Market

With inventory surging and sales declining, Coquitlam is now solidly in buyer’s territory. Sellers face stiff competition, making pricing strategy and presentation more critical than ever. Buyers, on the other hand, enjoy more negotiating room and a broader selection of homes.

📍 Port Coquitlam: Steady Demand, Faster Turnover

• Benchmark Price: $1,382,900 ↓ 2.9% YoY

• Active Listings: 188 (↑ 21.3%)

• Sales: 21 (↑ 5.0%)

• Avg Days on Market: 14 days (↓ 36.4%)

• Sales-to-Active Ratio: 11.2% → Borderline Balanced Market

Port Coquitlam remains the most budget-friendly option in the region. Homes are selling faster than anywhere else in the Tri-Cities, indicating steady demand, particularly in the mid-price range. It’s a market where realistic pricing gets results—fast.

📍 Port Moody: High-End Hesitation

• Benchmark Price: $2,116,200 ↓ 3.1% YoY

• Active Listings: 134 (↑ 14.5%)

• Sales: 15 (↑ 150% from last year’s very low base)

• Avg Days on Market: 45 days (↑ 137%)

• Sales-to-Active Ratio: 11.2% → Borderline Balanced Market

Port Moody’s luxury segment is seeing signs of hesitation. Though sales jumped, it’s coming off a very quiet period. Higher price points and longer days on market suggest buyers are cautious and selective. Sellers may need to offer incentives or adjust expectations.

🏘️ Local Tips & Highlights

• Coquitlam: Popular neighborhoods like Westwood Plateau and Burke Mountain are seeing a mix of newer listings and long-standing properties—offering something for both families and builders.

• Port Coquitlam: Riverwood and Lincoln Park are hotspots for quick sales; great schools and walkability keep demand steady.

• Port Moody: Look out for unique views in Heritage Woods and accessibility to nature in Anmore and Belcarra—though premium pricing still applies.

• Transit: All three cities benefit from proximity to SkyTrain lines and West Coast Express, making them attractive to Vancouver commuters.

• Lifestyle: Whether it’s shopping at Coquitlam Centre, walking trails in Mundy Park, or coffee at Newport Village, the Tri-Cities offer both convenience and charm.

💡 Key Takeaways

• Buyers: Coquitlam offers more room to negotiate; PoCo provides the best speed-to-value; Moody’s luxury homes require sharper eyes and savvy timing.

• Sellers: Presentation, pricing, and patience are key. Expect more questions and slower timelines in Coquitlam and Port Moody.

• Investors: Keep an eye on PoCo’s activity—it’s showing early signs of market resilience.