the rennie review - May 2023

coquitlam CONDO -APRIL 2023

SALES TO LISTINGSRATIO 51% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 4% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 4% VS 2022

▼ 3% VS 2022

▼ 16% VS 2022

▼ 33% VS 2022

Therewere193 condolistingsin Coquitlam in April,3% aboveM arch and 16% lowerthan April2022.

Aprilcondosalesdecreased by7% m onth-over-m onth,to 99,and were33% below April2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No. 64% 147 230

% Change

No. 56% 106 188

% Change

Thesales-to-listing ratio forcondosin Coquitlam ,at51%, reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$853 $707,392 $685,000 51% 99 193

-20% -33% -16%

-9% -7% 3%

Thecondom edian pricein Aprilwas$685,000,a0.3% increasefrom M arch and 3% below April2022. Theaveragesold pricewas$707,392,1.1% abovelast m onth;theaveragePSF salepricewas$853,up 0.6% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$848 $699,712 $682,900

0.6% 1.1% 0.3%

$890 $738,103 $708,000

-4% -4% -3%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 202 ● APR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

274

265

288

285

247

268

257

219

230

193

201

188

188

147

120

109

106

125

84

99

75

74

73

72

48

35

$708K $707K $670K

$683K $685K

$672K

$631K $648K $638K $635K $655K $625K

$616K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

80

100%

70

4+ bdrms

60

50

68%

10

3 bdrms

40

24

50%

30

36% 33% 33%

56

20

2 bdrms

104

10

0

33

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

<2 bdrms

S-L RATIO SALES INVENTORY

1 1 100%

50 25 50%

75 51 68%

45 16 36%

12 4 33%

6 2 33%

3 0 n/a

1 0 n/a

65

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