coquitlam DETACHED - JULY 2 0 2 4
SALES TO LISTINGS RATIO 12% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2023
▲ 2% VS 2023
▲ 97% VS 2023
▼ 24% VS 2023
There were 424 detached listings in Coquitlam in July, 9% above June and 97% higher than July 2023. July detached home sales decreased by 4% month-over-month, to 52, and were 24% below July 2023. The sales-to-listing ratio for detached in Coquitlam, at 12%, reflected a balanced market.
THIS MONTH No. $1,873,565 $1,735,000 12% 52 424
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,809,365 $1,694,500 32% 68 215
-61% -24% 97%
$1,882,182 $1,793,000 14% 54 390
-0.5% -3% -11% -4% 9%
The detached median price in July was $1,735,000, a 3% decrease from June and 2% above July 2023.
The average sold price was $1,873,565, 0.5% below last month and up 4% to July 2023.
4% 2%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
424
366
390
325
1.75
1.74
244
1.55 1.61
238
234
1.46
1.46
215
227
213
196
179
170
78
55
49
47
44
68
32
31
27
52
61
54
46
$1.81M $1.79M
$1.81M $1.85M $1.82M $1.79M $1.79M $1.74M
$1.75M $1.86M
$1.69M
$1.67M
$1.65M
23-Jul
24-Jun
24-Jul
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
100%+
120
100
80
60
25%
40
24%
9%
20
5%
3%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
3 0 n/a
2 5 250%
24 6 25%
122 29 24%
104 5 5%
65 2 3%
53 5 9%
29 0 n/a
14 0 n/a
8 0 n/a
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 August 6, 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. 20 ●
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