Nearly half of the homes that sold in Port Moody this year didn't sell the first time they were listed. According to a Zealty analysis reported by local news outlet the Dispatch on October 26, 45% of the 408 Port Moody homes sold from January to September had at least one failed listing first, meaning an earlier listing expired or was withdrawn within the past year.
As someone who works out of Port Moody and has lived in Greater Vancouver for 28 years, I think this is one of the most useful numbers I've seen this fall. Here's my plain-language read.
What the numbers show
The Dispatch reports that Port Moody's 45% was the second-highest share among the 18 cities Zealty looked at, behind only West Vancouver. The rest of the Tri-Cities, BC wasn't far off:
- Port Coquitlam: 42% of 504 sales followed a failed listing, with a median of 54 days to sell.
- Coquitlam: 38% of 1,516 sales followed a failed listing, with a median of 50 days to sell.
- Port Moody: a median of 59 days to sell, counted from the first listing attempt, not the latest one.
Across Greater Vancouver and the Fraser Valley, 40% of homes sold this year had a failed listing first, compared with 19% in 2021. The regional median time to sell went from 12 days in 2021 to 58 days in 2026.
The number that jumped out at me: homes that had to be relisted eventually sold at a median 13% below their original asking price. Homes that sold on their first listing went for a median 3.5% below asking.
Prices are still drifting lower
The same article lays out Greater Vancouver REALTORS' September benchmark prices. Compared with September 2025, the benchmark residential price was down 6.3% in Coquitlam (to $971,700), 8.2% in Port Coquitlam (to $835,500) and 5.8% in Port Moody (to $1,011,500).
GVR's chief economist Andrew Lis pointed out that small monthly changes add up, with "all market segments now showing price declines of about three per cent since the start of the year." The Metro Vancouver sales-to-active-listings ratio was 10.9% in September, under the 12% level that GVR says historically signals downward pressure on prices when it lasts.
What this means for you
If you're selling in Coquitlam, Port Moody or Port Coquitlam: the data suggests that pricing for last year's market can cost you time, and possibly more. That 13% gap won't apply to every home, but it's a pattern worth taking seriously. My suggestions:
- Price off recent sold comparables, not active listings or what a neighbour got in 2022.
- Ask your agent what happened to similar homes that expired or were withdrawn nearby.
- Get the presentation right before day one (cleaning, small repairs, good photos), because the first few weeks are when you get the most attention.
If you want a starting point, you can request a free home evaluation for your Tri-Cities, BC home and I'll pull the recent sales myself.
If you're buying: a home that's been listed before isn't a red flag on its own. In this market it's often just a seller who started too high. Ask your agent to check the listing history, how long it's really been for sale, and past price changes. That context can help you make a sensible offer. My buyer's guide to working with me in Greater Vancouver walks through how I approach that.
If you're a newcomer to the area: a slower market gives you more time to learn neighbourhoods before deciding. Many people I work with rent first, and my guide to relocating to Greater Vancouver covers that step.
My take
The market isn't stuck. Homes are selling, but the ones that sell quickly tend to be priced for today's buyers. Nobody can promise where prices go next, so I'd focus on what you can control: realistic pricing if you're selling, and good homework if you're buying.
Looking for a realtor in Coquitlam, Port Moody or Port Coquitlam to talk through your situation? Call or text me any time.