the rennie review - September 2021

coquitlam CONDO-AUGUST 2021

SALESTO LISTINGSRATIO 57% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 16% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 16% VS2020

▲ 17% VS2020

▼ 32% VS2020

▲ 33% VS2020

Therewere247condolistingsinCoquitlaminAugust, 8%belowJulyand32%lowerthanAugust2020. Augustcondosalesremainedthesame0 month-over-month,to141,andwere33%aboveAugust 2020. Thesales-to-listingratioforcondosinCoquitlam,at57%, reflectedaselers'market. ThecondomedianpriceinAugustwas$608,000,a2% increasefromJulyand17%aboveAugust2020. Theaveragesoldpricewas$619,101,4%abovelast month;theaveragePSFsalepricewas$757,up5%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 29% 106 363

%Change

No. 52% 141 269

%Change

TOTALLISTINGS TOTALSALES

57% 141 247

16% 16% 17% 95% 33% -32%

5% 4% 2% 9% 0% -8%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$757 $619,101 $608,000

$719 $598,088 $595,000

$650 $534,858 $521,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2020 ● AUG 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

370

398

363

387

301

267

247

269

266

201

234

21

203

146

139

185

130

141

154

141

138

106

131

108

107

105

$610K

$608K

$600K

$595K

$567K

$567K

$560K

$555K

$536K

$533K

$521K

$518K

$515K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100

1

100%+

4+bdrms

80

70%

60

14

61%

3bdrms

31

40

33% 30%

83

2bdrms

20

157

0

43

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

4 7 175%

86 60 70%

97 59 61%

36 12 33%

10 3 30%

7 0 n/a

7 0 n/a

59

Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 22 ●

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