the rennie review | September 2023

coquitlam CONDO -AUGUST 2023

SALES TO LISTINGSRATIO 53% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 5% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 8% VS 2022

▲ 11% VS 2022

▼ 16% VS 2022

▲ 62% VS 2022

Therewere225 condolistingsin Coquitlam in August, 13% below Julyand 16% lowerthan August2022.

Augustcondosalesincreased by18% m onth-over-m onth, to120,and were62% aboveAugust2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No. 40% 102 258

% Change

Thesales-to-listing ratio forcondosin Coquitlam ,at53%, reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

53% 120 225

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

11% 93% 62% -16%

0.6% -0.5% 6% 35% 18% -13%

Thecondom edian pricein Augustwas$720,000,a6% increasefrom Julyand 11% aboveAugust2022. Theaveragesold pricewas$706,586,0.5% below last m onth;theaveragePSF salepricewas$866,up 0.6% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$866 $706,586 $720,000

$861 $710,362 $681,500

5% 8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

258

288

268

285

247

219

213

225

226

201

193

188

188

130

124

109

106

120

84

75

102

99

74

73

48

35

$683K $685K $677K $690K $682K $720K

$648K $638K $635K $655K $625K $672K

$616K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

80

4+ bdrms

82%

60

14

61%

3 bdrms

25

40

35%

33%

30%

66

2 bdrms

20%

20

136

0

40

<$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

0 2 n/a

45 37 82%

87 53 61%

67 20 30%

17 6 35%

5 1 20%

3 1 33%

1 0 n/a

64

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