the rennie review - May 2023

coquitlam DETACHED -APRIL 2023

SALES TO LISTINGSRATIO 37% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 8% VS 2022

▼ 8% VS 2022

▼ 20% VS 2022

▼ 25% VS 2022

Therewere179 detached listingsin Coquitlam in April, 1.1% aboveM arch and 20% lowerthan April2022. A prildetached hom esalesincreased by 14% m onth-over-m onth,to67,and were25% below April 2022. Thesales-to-listing ratio fordetached in Coquitlam ,at 37% ,reflected aselers'm arket.

THISMONTH No. $1,759,709 $1,700,000 37% 67 179

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,914,645 $1,840,000 40% 89 224

-25% -20%

$1,787,604 $1,650,000 33% 59 177

-1.6% 3% 12% 14% 1.1%

Thedetachedm edian pricein Aprilwas$1,700,000,a3% increasefrom M arch and 8% below April2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

-8% -8% -6%

Theaveragesold pricewas$1,759,709,1.6% below last m onth and down 8% toApril2022.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

230

256

224

252

246

224

230

224

1.68

1.66

1.66

177

179

1.55

1.50

178

1.45

167

160

89

59

56

67

49

68

32

21

49 52

47

37

34

$1.84M

$1.79M $1.70M

$1.67M $1.59M $1.72M

$1.66M $1.65M $1.70M

$1.50M $1.55M $1.52M $1.49M

22-Apr

23-M ar 23-Apr

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

50

100%

94%

40

30

55%

50%

50%

20

28%

10

12%

6%

0

<$600K

$600-799K

$800-999K

$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M

$2.0M -2.49M

$2.5M -2.99M

$3M+

S-L RATIO SALES INVENTORY

1 1 100%

2 1 50%

4 2 50%

17 16 94%

53 29 55%

46 13 28%

25 3 12%

31 2 6%

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