coquitlam
CONDO - FEBRUARY 2020
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 39 %
4 % UP
10 % UP
20 % DOWN
38 % UP
The 224 condo listings in Coquitlam in February were up 27% from January but 20% lower vs February 2019. Year-over-year condo sales rose by 38% in February (to 88) and were 24% higher vs January. The sales-to-listings ratio dipped to 39%, as Coquitlam’s condo market remained in seller’s market territory. The condo benchmark price in February was $539,000, 3% higher month-over-month and year-over-year. The average sold price was $530,820 in February (up 1.6% vs January) while the average PSF sales price was $665 (a 6% increase vs January).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 177
% Change
No. 279
% Change
TOTAL LISTINGS
224
27% 24% -2%
-20% 38% 71%
TOTAL SALES
88
71
64
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
39%
40%
23%
$539,000 $521,900 $530,820 $522,472
3% $523,300 1.6% $511,163
3% 4%
$665
$626
6%
$607
10%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$523,300 $511,500 $514,600 $524,300 $517,000 $528,100 $539,000
413
399
384
330
279
224
180
103
103
88
82
64
64
61
COQUITLAM REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
2
3+ bdrms
BUYER'S MARKET
22
55
2 bdrms
140
31
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
62
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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