the rennie review - May 2023

coquitlam TOWNHOME-APRIL 2023

SALES TO LISTINGSRATIO 55% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 4% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 3% VS 2022

▼ 5% VS 2022

▼ 9% VS 2022

▼ 3% VS 2022

Therewere62 townhom elistingsin Coquitlam in April, 22% aboveM arch and 9% lowerthan April2022. Apriltownhom esalesincreased by36% m onth-over-m onth,to 34,and were3% below April 2022. Thesales-to-listing ratio fortow nhom esin Coquitlam ,at 55% ,reflected aselers'm arket. Thetownhom em edian pricein Aprilwas$1,134,900,a 0.0% decreasefrom M arch and 5% below April2022. Theaveragesold pricewas$1,111,650,2% abovelast m onth;theaveragePSF salepricewas$671,up 6% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

34 62

35 68

-4% -3% -5% 7% -3% -9%

25 51

12% 36% 22%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$671 $1,111,650 $1,134,900 55%

$698 $1,140,415 $1,190,000 51%

$631 $1,088,056 $1,135,000 49%

6% 2% 0%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 202 ● APR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

83

82

69

75

68

62

62

56

46 66

62

51

50

44

32

35

34

25

35

25

14

21

19

16

5

14

$1.19M

$1.14M $1.13M

$1.05M

$1.02M $1.07M

$999K $960K

$991K $1000K $1.02M $998K

$874K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

25

9

100%+

4+ bdrms

20

19

15

64%

20

3 bdrms

26

43%

10

33%

5

2 bdrms

5

16

0

<2 bdrms

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

1

S-L RATIO SALES INVENTORY

2 0 n/a

6 2 33%

6 8 133%

22 14 64%

23 10 43%

2 0 n/a

1 0 n/a

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