the rennie review - June 2022

coquitlam DETACHED -MAY 202

SALES TO LISTINGSRATIO 24% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 21% VS 2021

▲ 19% VS 2021

▼ 29% VS 2021

▼ 60% VS 2021

Therewere251 detached listingsin Coquitlam in M ay, 12% aboveApriland 29% lowerthan M ay2021. M ay detached hom esalesdecreased by 31% m onth-over-m onth,to61,and were60% below M ay 2021. Thesales-to-listing ratio fordetached in Coquitlam ,at 24% ,reflected aselers'm arket.

THISMONTH No. $1,892,180 $1,780,000 24% 61 251

PREVIOUSYEAR

PREVIOUSMONTH

No. 43% 153 354

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

21% 19% -44% -60% -29%

$1,914,645 $1,840,000 40% 89 224

-1.2% -3% -39% -31% 12%

Thedetachedm edian pricein M aywas$1,780,000,a3% decreasefrom Apriland 19% aboveM ay2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,892,180,1.2% below last m onth and up 21% toM ay2021.

$1,562,127 $1,499,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

354

320

1.78

1.68

251

224

1.64

261

1.55

192

1.50

224

201

200 120

1.40

152

153

169

99

92

135

126

18

103

101

89

61

79

74

67

48

$1.93M

$1.86M $1.90M $1.84M $1.78M

$1.63M $1.72M $1.70M

$1.52M $1.55M $1.57M

$1.50M $1.44M

May-21

Apr-22

May-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

100

80

75%

60

50%

41%

40

28%

19%

18%

20

8%

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

2 1 50%

1 0 n/a

4 3 75%

27 11 41%

100 28 28%

49 9 18%

32 6 19%

36 3 8%

Copyright© June7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune7,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

20

Made with FlippingBook - professional solution for displaying marketing and sales documents online