the rennie review - October 2022

coquitlam CONDO -SEPTEMBER 202

SALES TO LISTINGSRATIO 26% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere285 condolistingsin Coquitlam in Septem ber,6% aboveAugustand 18% higherthan Septem ber2021. Septem bercondo salesrem ained the sam e m onth-over-m onth,at74,and were44% below Septem ber2021. Thesales-to-listing ratio forcondosin Coquitlam ,at26%, reflected aselers'm arket. Thecondom edian pricein Septem berwas$638,000,a 1.5% decreasefrom Augustand 7% aboveSeptem ber 2021. Theaveragesold pricewas$687,017,5% abovelast m onth;theaveragePSF salepricewas$829,up 0.4% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 8% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 8% VS 2021

▲ 7% VS 2021

▲ 18% VS 2021

▼ 44% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 55% 132 241

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$829 $687,017 $638,000 26% 74 285

-53% -44% 18%

$825 $653,695 $647,500 28% 74 268

0% 6%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

0.4% 5% -1.5% -6%

$771 $633,917 $597,000

8% 8% 7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● SEP 2021 ● SEP 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

274

285

265

241

268

223

257

230

179

21

157

154

161

120

132

149

1

147

143

105

125

74

102 102

74

72

$755K

$740K $707K

$708K $707K

$670K $631K $648K $638K

$639K $680K

$597K $608K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

120

1

100%

4+ bdrms

3

100

80

10

3 bdrms

39

60

38%

40

28%

27%

33

2 bdrms

15%

168

20

0

30

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

1 1 100%

65 25 38%

120 34 28%

67 10 15%

15 4 27%

6 0 n/a

7 0 n/a

4 0 n/a

75

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