the rennie review - February 2021

coquitlam

DETACHED  JANUARY 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 13 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

19 % UP

-

37 % DOWN

97 % UP

SELLER’S 39 %

The number of detached listings in Coquitlam increased to 197 in January, 1.0% above December but 37% lower year-over-year. The 77 detached sales in January represented a decrease of 25% from December but were 97% higher vs January of last year. Coquitlam’s sales-to-listings ratio decreased to 39% as the detached segment remained in seller’s market territory. The benchmark price in January was $1.32M, 2% higher vs last month and a 13% increase year-over-year. The average sold price was $1.57M in January, up 3% vs last month and 19% higher vs last year.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 195 103 53%

% Change

No. 315

% Change

TOTAL LISTINGS

197

1.0% -25% -26%

-37% 97% 216%

TOTAL SALES

77

39

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

39%

12%

$1,321,100 $1,291,800 $1,565,557 $1,520,734

2% $1,170,200 3% $1,319,014

13% 19%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.32

$1.27

$1.24

$1.23

$1.22

$1.19

$1.17

1.86

1.82

1.76

1.34

1.33

358

1.27

342

341

337

315

316

197

127

111

92

75

77

49

39

Jan-20

Dec-20

Jan-21

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

         . . . 0 0 0 0 0 QD QD                       S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET        

Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.

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