the rennie review | September 2023

coquitlam DETACHED -AUGUST 2023

SALES TO LISTINGSRATIO 22% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 10% VS 2022

▲ 9% VS 2022

▼ 6% VS 2022

▼ 4% VS 2022

Therewere217 detached listingsin Coquitlam in August, 0.5% below Julyand 6% lowerthan August2022. Augustdetached hom esalesdecreased by32% m onth-over-m onth,to 47,and were4% below August 2022. Thesales-to-listing ratio fordetached in Coquitlam ,at 22% ,reflected aselers'm arket.

THISMONTH No. $1,836,129 $1,730,000 22% 47 217

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

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

-4% -6%

$1,788,895 $1,689,000 32% 69 218

-32% -32% -0.5%

Thedetachedm edian pricein Augustwas$1,730,000,a 2% increasefrom Julyand 9% aboveAugust2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

10% 9% 1.7%

Theaveragesold pricewas$1,836,129,3% abovelast m onth and up 10% toAugust2022.

3% 2%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

218

230

213

217

230

201

224 224

177

1.66

1.61

1.61

178

179

1.54

167

1.49

1.48

160

92

85

69

59

56

66

49

32

47

52

21

37

34

$1.71M $1.77M $1.81M

$1.69M $1.73M

$1.66M $1.65M

$1.59M $1.72M

$1.50M $1.55M $1.52M $1.49M

22-Aug

23-Jul 23-Aug

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

60

50

73%

40

30

34%

20

25%

15%

12%

10

4%

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

4 1 25%

1 0 n/a

1 0 n/a

15 11 73%

62 21 34%

54 8 15%

33 4 12%

47 2 4%

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