the rennie review - September 2020

coquitlam

CONDO  AUGUST 

AVERAGE PRICE

AVERAGE PSF PRICE 3 % UP

BENCHMARK PRICE 0.9 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

SELLER’S 29 %

1.8 % DOWN

4 % DOWN

29 % UP

The 368 condo listings in Coquitlam in August were down 0.5% from July and 4% lower vs August 2019. Year-over-year condo sales increased 29% in August (to 106) but were down 9% vs July. The sales-to-listings ratio declined to 29%, as Coquitlam’s condo market remained in seller’s market territory. The condo benchmark price in August was $529,000, unchanged month-over-month and 0.9% above August 2019. The average sold price was $534,849 in August (4% lower vs July) while the average PSF sales price was $650 (a 4% decrease vs July).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 370 116 31%

% Change

No. 384

% Change

TOTAL LISTINGS

368 106 29%

-0.5%

-4% 29% 35% 0.9% -1.8%

TOTAL SALES

-9% -8%

82

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

21%

$529,000 $529,000 $534,849 $559,222

0.0% $524,300 -4% $544,722

$650

$674

-4%

$631

3%

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$524,300 $517,000 $510,600 $523,300 $532,500 $526,300 $529,000

384

377

368

330

292

243

180

106

103

103

88

82

85

42

COQUITLAM REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  





BALANCED

5



3+ bdrms

BUYER'S MARKET

29









61

2 bdrms



243

 





40



<2 bdrms

. . . . 0 0 0 0     QD QD QD QD                

96

S-L RATIO SALES INVENTORY

Copyright © 2020 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 September 3, 2020. 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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