the rennie review - September 2019

coquitlam

TOWNHOME - AUGUST 2019

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 6 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

21 % UP

SELLER’S 26 %

8 % DOWN

3 % DOWN

7 % DOWN

There were 132 townhome listings in Coquitlam in August 2019, 14% below July but 21% above August 2018. The 34 townhome sales in August were down by 15 vs July 2019 and 1 below August 2018. The sales-to-listings ratio decreased to 26% as Coquitlam’s townhome market remained in seller’s market territory. The townhome benchmark price in August was $651,800, virtually unchanged from July and 6% lower vs August 2018. The average sold price was $761,053, with an aver- age PSF sales price of $464 (up 1.8% but down 0.6%, respectively, vs July).

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 153

% Change

No. 109

% Change

TOTAL LISTINGS

132

-14% -31% -20%

21% -3% -20%

TOTAL SALES

34

49

35

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

26%

32%

32%

$651,800 $653,200 $761,053 $747,806

-0.2% $690,500 1.8% $816,891 -0.6% $507

-6% -7% -8%

$464

$467

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$690,500 $681,000 $667,900 $656,200 $662,500 $657,300 $651,800

163

143

132

127

109

96

86

35

34

29

28

26

25

16

COQUITLAM REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY S-L RATIO

SALES TOTAL INVENTORY





SELLER'S MARKET

  

BALANCED



12

4+ bdrms





BUYER'S MARKET

43





16

3 bdrms



65



6



<3 bdrms

. . . . 0 0 0 0 QD    QD QD QD QD                

24

S-L RATIO SALES INVENTORY

Current as of September 2, 2019. All data from the Real Estate Board of Greater Vancouver and Fraser Valley. The information set out herein (the “Information”) is intended for informational purposes only. RAR & RMS has not verified the information and does not represent, warrant or guarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipientmaydeemnecessary toverify the informationprior toplacinganyrelianceupon the information.The informationmaychangeandanypropertydescribed in the informationmaybewithdrawn from themarketatany timewithoutnoticeorobligation to therecipient fromRAR&RMS. 18

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