coquitlam CONDO - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 85% VS 2023
▼ 1.6% VS 2023
▼ 7% VS 2023
▼ 22% VS 2023
There were 417 condo listings in Coquitlam in August, 3% below July and 85% higher than August 2023.
August condo sales increased by 4% month-over-month, to 94, and were 22% below August 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 120 225
% Change
No.
% Change
The sales-to-listing ratio for condos in Coquitlam, at 23%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$818 $695,169 $672,500 23% 94 417
-6% -1.6% -7% -58% -22% 85%
$869 $697,572 $683,750 21% 90 430
8% 4% -3%
The condo median price in August was $672,500, a 1.6% decrease from July and 7% below August 2023. The average sold price was $695,169, 0.3% below last month; the average PSF sale price was $818, down 6% to last month.
$866 $706,593 $720,000 53%
-6% -0.3% -1.6%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
417
430
375
343
380
315
298
289
311
250
225
224
219
131
106
120
82
94
118
106
94
90
83
79
59
59
$720K
$717K
$718K
$705K
$702K
$688K
$684K
$673K
$670K
$668K
$667K
$662K
$623K
COQUITLAM
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
4+ bdrms
150
2
7
100
3 bdrms
24
25% 25%
61
50
19%
2 bdrms
12%
255
7%
0
26
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
106 27 25%
179 45 25%
100 19 19%
17 2 12%
14 1 7%
1 0 n/a
136
Copyright © 2024 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 September 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 22 ●
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