the rennie review | September 2023

coquitlam TOWNHOME-AUGUST 2023

SALES TO LISTINGSRATIO 35% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 5% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 11% VS 2022

▲ 8% VS 2022

▲ 28% VS 2022

▲ 6% VS 2022

Therewere96 townhom elistingsin Coquitlam in August,3% aboveJulyand 28% higherthan August2022. Augusttownhom esalesdecreased by28% m onth-over-m onth,to 34,and were6% aboveAugust 2022. Thesales-to-listing ratio fortow nhom esin Coquitlam ,at 35% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$1,161,900,a 6% increasefrom Julyand 8% aboveAugust2022. Theaveragesold pricewas$1,146,835,10% abovelast m onth;theaveragePSF salepricewas$693,up 3% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

34 96

32 75

5% 11% 8% -17% 6% 28%

47 93

3% 10% 6% -30% -28% 3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$693 $1,146,835 $1,161,900 35%

$662 $1,031,672 $1,074,000 43%

$670 $1,038,853 $1,095,000 51%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

96

86

97

93

75 69

62

56

52

62

50

62

47

51

49

35

32

44

34

25

34

14

25

5

16

14

$1.14M $1.13M $1.15M $1.20M

$1.10M $1.16M

$1.07M

$1.05M

$991K $1000K $1.02M $998K

$874K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

40

10

4+ bdrms

30

30

67%

22

3 bdrms

49

20

39%

33%

29%

2

25%

2 bdrms

10

16

0

<2 bdrms

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

1

S-L RATIO SALES INVENTORY

1 0 n/a

7 2 29%

9 6 67%

41 16 39%

32 8 25%

6 2 33%

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