coquitlam CONDO - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 27% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.3% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.4% VS 2023
▲ 27% VS 2023
▼ 4% VS 2023
▼ 0.7% VS 2023
There were 222 condo listings in Coquitlam in January, 1.4% above December and 1.4% higher than January 2023. January condo sales increased by 3% month-over-month, to 61, and were 27% above January 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in Coquitlam, at 27%, reflected a sellers' market.
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$853 $670,499 $666,900 27% 61 222
$842 $695,648 $671,500 22% 48 219
1.3% -4% -0.7% 25% 27% 1.4%
$879 $716,249 $668,000 27% 59 219
-3% -6% -0.2% 2% 3% 1.4%
The condo median price in January was $666,900, a 0.2% decrease from December and 0.7% below January 2023. The average sold price was $670,499, 6% below last month; the average PSF sale price was $853, down 3% to last month.
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JAN 2023 ● JAN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
343
315
298
258
213
222
219
226
225
219
201
193
106 188
130
124
120
84
82
102
99
83
61
79
48
59
$720K
$705K
$690K
$683K
$685K
$682K
$677K
$672K
$670K
$668K
$667K
$623K
$616K
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
80
4+ bdrms
1
60
3
3 bdrms
13
40
40%
26%
32
20
21%
2 bdrms
127
13%
0
26
<$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
0 1 n/a
63 25 40%
84 22 26%
53 11 21%
16 2 13%
4 0 n/a
1 0 n/a
1 0 n/a
81
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. 22 ●
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