the rennie review - March 2022

coquitlam CONDO-FEBRUARY 202

SALESTO LISTINGSRATIO 93% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 21% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 22% VS2021

▲ 25% VS2021

▼ 25% VS2021

▲ 4% VS2021

Therewere153condolistingsinCoquitlaminFebruary, 50%aboveJanuaryand25%lowerthanFebruary2021. Februarycondosalesincreasedby35% month-over-month,to143,andwere4%aboveFebruary 2021. Thesales-to-listingratioforcondosinCoquitlam,at93%, reflectedaselers'market. ThecondomedianpriceinFebruarywas$707,000,a4% decreasefromJanuaryand25%aboveFebruary2021. Theaveragesoldpricewas$712,628,6%belowlast month;theaveragePSFsalepricewas$868,down1.0% tolastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 68% 138 203

%Change

No. 106 102

%Change

TOTALLISTINGS TOTALSALES

93% 143 153

21% 22% 25% 37% 4% -25%

-1% -6% -4% -10% 35% 50%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$876 $754,169 $739,900 104%

$868 $712,628 $707,000

$716 $582,531 $566,500

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

301

267

241

269

247

201

203

179

21

157

153

185

146

141

143

161

154

149

11

106

141

138

131

132

102 102

$740K

$707K

$680K

$639K

$610K

$608K

$608K

$600K

$597K

$595K

$567K

$567K

$555K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

80

100%+

70

4+bdrms

60

84%

81%

50

9

3bdrms

40

26

30

87

20

2bdrms

18%

88

10

0

47

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

<2bdrms

S-LRATIO SALES INVENTORY

4 0 n/a

36 29 81%

45 75 167%

44 37 84%

11 2 18%

8 0 n/a

4 0 n/a

1 0 n/a

39

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 22 ●

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