rennie review - March 2020

coquitlam

TOWNHOME - FEBRUARY 2020

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 2 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

SELLER’S 57 %

6 % DOWN

0.2 % DOWN

34 % DOWN

29 % UP

There were 63 townhome listings in Coquitlam in February, 1.6% above January but 34% lower vs February 2019. The 36 townhome sales in February were up by 8 month-over-month and year-over-year. The sales-to-listings ratio increased to 57% as Coquitlam’s townhome market remained in seller’s market territory. The townhome benchmark price in February was $671,500, 1.0% above January and 2% higher vs February 2019. The average sold price was $816,183, with an average PSF sales price of $471 (6% higher and 4% lower, respectively, vs January).

VS 2019

VS 2019

VS 2019

VS 2019

VS 2019

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

TOTAL LISTINGS

63 36

62 28

1.6% 29% 27%

96 28

-34% 29% 96%

TOTAL SALES

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

57%

45%

29%

$671,500 $664,900 $816,183 $768,704

1.0% $656,200 6% $863,807

2%

-6%

$471

$493

-4%

$472

-0.2%

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$656,200 $662,500 $657,300 $651,800 $648,600 $663,000 $671,500

164

144

143

106

96

63

61

49

34

29

28

25

36

32

COQUITLAM REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY S-L RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  



BALANCED



17

4+ bdrms

BUYER'S MARKET

24







15



3 bdrms



33







4



<3 bdrms

. . . . 0 0 0 0      QD QD QD                

6

S-L RATIO SALES INVENTORY

Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 4, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.

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