the rennie review - January 2021

coquitlam

DETACHED - DECEMBER 2020

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 11 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

0.8 % DOWN

-

37 % DOWN

102 % UP

SELLER’S 57 %

The number of detached listings in Coquitlam decreased to 180 in December, 42% below November and 37% lower year-over-year. The 103 detached sales in December represented an increase of 12% from November and were 102% higher vs December of last year. Coquitlam’s sales-to-listings ratio rose to 57% as the detached segment remained in seller’s market territory. The benchmark price in December was $1.29M, 1.5% higher vs last month and an 11% increase year-over-year. The average sold price was $1.52M in December, up 6% vs last month but 0.8% lower vs last year.

VS 2019

VS 2019

VS 2019

VS 2019

VS 2019

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 309

% Change

No. 285

% Change

TOTAL LISTINGS

180 103 57%

-42% 12% 92%

-37% 102% 220%

TOTAL SALES

92

51

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

30%

18%

$1,291,800 $1,272,900 1.5% $1,167,500

11%

$1,520,734 $1,428,873

6% $1,532,355 -0.8%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

(MILLIONS)

$1.29

$1.26

$1.23

$1.22

$1.21

$1.18

$1.17

1.82

1.81

1.76

1.34

1.32

1.30

358

346

328

320

307

285

180

129

85

81

67

51

33

103

Dec-19

Nov-20

Dec-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

S-L RATIO

        . . . 0 0 0 0 0 QD QD                       S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET        

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 January 6, 2021. 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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