the rennie review - October 2019

coquitlam

DETACHED - SEPTEMBER 2019

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 4 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

10 % DOWN

-

18 % DOWN

63 % UP

BALANCED 17 %

The number of detached listings in Coquitlam fell to 478 in September, 8% below August and 18% lower year-over-year. The 80 detached sales in September represented an increase of 3% from August and a 63% jump vs September of last year. Coquitlam’s sales-to-listings ratio increased to 17% as the detached segment remained in balanced market territory. The benchmark price in September was $1.16M, unchanged from August and a 10% decrease year-over-year. The average sold price was $1.20M in September, down 3% vs August and 4% below September 2018.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 522

% Change

No. 582

% Change

TOTAL LISTINGS

478

-8%

-18% 63% 99%

TOTAL SALES

80

78

3%

49 8%

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

17%

15%

12%

$1,157,100 $1,157,100 0.0% $1,285,100 -10%

$1,195,331 $1,227,964

-3% $1,249,989

-4%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

(MILLIONS)

$1.29

$1.23

$1.20

$1.17

$1.16

$1.16

$1.16

2.39

2.23

2.21

582

572

568

509

1.87

488

478

1.78

1.78

414

86

80

71

52

49

48

27

Sep-18

Aug-19

Sep-19

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY S-L RATIO





  

SELLER'S MARKET





BALANCED



BUYER'S MARKET















. . . 0 0 0 0 0       QD QD                

S-L RATIO SALES INVENTORY

Copyright © 2019 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 October 3, 2019. All data from RealEstateBoardof 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.

17

Made with FlippingBook - professional solution for displaying marketing and sales documents online