the rennie review - October 2022

coquitlam DETACHED -SEPTEMBER 202

SALES TO LISTINGSRATIO 23% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere230 detached listingsin Coquitlam in Septem ber,nochangetoAugustand 3% higherthan Septem ber2021. Septem berdetached hom esalesincreased by 6% m onth-over-m onth,to52,and were30% below Septem ber2021. Thesales-to-listing ratio fordetached in Coquitlam ,at 23% ,reflected aselers'm arket. Thedetached m edian pricein Septem berwas $1,715,000,a8% increasefrom Augustand 9% above Septem ber2021. Theaveragesold pricewas$1,679,852,0.6% abovelast m onth and up 5% toSeptem ber2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 5% VS 2021

▲ 9% VS 2021

▲ 3% VS 2021

▼ 30% VS 2021

THISMONTH No. $1,679,852 $1,715,000 23% 52 230

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,599,874 $1,570,000 33% 74 224

-32% -30% 3%

$1,670,615 $1,585,000 21% 49 230

0.6% 8% 6% 6% 0%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

5% 9%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

246

256

224

252

230

230

1.67

224

1.66

192

1.61

1.601.64

200

1.48

152

169

120

135

101

92

18

74

89

79

49

68

67

52

49

48

47

$1.93M $1.86M $1.90M $1.84M

$1.79M $1.70M $1.67M

$1.59M $1.72M

$1.57M $1.63M $1.72M $1.70M

Sep-21

Aug-22

Sep-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

70

100%+

100%+

60

50

40

30

38%

20

24%

14%

10

8%

5%

3%

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

1 3 300%

1 5 500%

13 1 8%

33 8 24%

68 26 38%

42 6 14%

33 1 3%

39 2 5%

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