coquitlam DETACHED - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 16% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 13% VS 2023
▲ 11% VS 2023
▲ 5% VS 2023
▲ 33% VS 2023
There were 176 detached listings in Coquitlam in January, 5% below December and 5% higher than January 2023. January detached home sales decreased by 10% month-over-month, to 28, and were 33% above January 2023. The sales-to-listing ratio for detached in Coquitlam, at 16%, reflected a balanced market. The detached median price in January was $1,646,500, a 8% decrease from December and 11% above January 2023. The average sold price was $1,743,964, 5% below last month and up 13% to January 2023.
THIS MONTH No. $1,743,964 $1,646,500 16% 28 176
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,546,238 $1,485,000 13% 21 167
13% 11% 27% 33% 5%
$1,835,429 $1,785,000 17% 31 185
-5% -8% -5% -10% -5%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
240
251
218
213
243
201
217
1.70
177
1.621.65
1.62
176
185
167
179
1.52
160
1.30
92
85
69
59
50
49
65
47
28
21
36
34
31
$1.81M $1.69M
$1.73M $1.85M
$1.67M $1.78M $1.79M
$1.66M
$1.65M $1.70M $1.77M
$1.65M
$1.49M
23-Jan
23-Dec
24-Jan
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
40
100%
30
50%
20
24%
10
20%
17%
3%
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
6 1 17%
1 0 n/a
1 1 100%
14 7 50%
42 10 24%
41 8 20%
31 0 n/a
40 1 3%
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 February 7, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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.
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