coquitlam TOWNHOME - JULY 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.9% VS 2023
▲ 55% VS 2023
▼ 9% VS 2023
▼ 30% VS 2023
There were 144 townhome listings in Coquitlam in July, 4% above June and 55% higher than July 2023. July townhome sales decreased by 15% month-over-month, to 33, and were 30% below July 2023. The sales-to-listing ratio for townhomes in Coquitlam, at 23%, reflected a sellers' market. The townhome median price in July was $997,000, a 19% decrease from June and 9% below July 2023. The average sold price was $1,058,415, 10% below last month; the average PSF sale price was $649, down 9% to last month.
THIS MONTH No. $649 $1,058,415 $997,000 23% 33 144
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
47 93
-3% 1.9% -9% -55% -30% 55%
$710 $1,171,519 $1,226,000 28% 39 139
-9% -10% -19% -18% -15% 4%
$670 $1,038,853 $1,095,000 51%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUL 2023 ● JUL 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
135
144
139
120
112
109
103
95
93
98
96
60
70
70
40
39
47
37
36
33
39
37
34
32
23
23
$1.23M
$1.19M $1.14M $1.19M
$1.16M $1.21M
$1.16M
$1.10M
$1.10M
$1.08M $1.08M
$1.06M
$997K
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
7
50
4+ bdrms
43
78%
40
18
3 bdrms
30
50%
74
43%
20
8
2 bdrms
17%
26
10
9%
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
1
S-L RATIO SALES INVENTORY
9 7 78%
23 10 43%
54 9 17%
53 5 9%
4 2 50%
1 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. 21 ●
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