coquitlam CONDO - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 41% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.1% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 5% VS 2023
▲ 54% VS 2023
▲ 11% VS 2023
There were 289 condo listings in Coquitlam in March, 16% above February and 54% higher than March 2023.
March condo sales increased by 13% month-over-month, to 118, and were 11% above March 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 106 188
% Change
No. 104 250
% Change
The sales-to-listing ratio for condos in Coquitlam, at 41%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
118 289
1.1% 3% 5% -28% 11% 54%
13% 16%
The condo median price in March was $717,000, a 8% increase from February and 5% above March 2023. The average sold price was $717,269, 5% above last month; the average PSF sale price was $857, down 5% to last month.
$857 $717,269 $717,000 41%
$848 $699,712 $682,900 56%
$905 $684,874 $662,000 42%
-5% 5% 8% -1.8%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
343
315
298
289
258
213
250
226
225
224
219
188
193
130
124
120
104
118
106
82
102
99
83
79
59
59
$720K
$717K
$705K
$690K
$683K
$685K
$682K
$677K
$670K
$668K
$667K
$662K
$623K
COQUITLAM
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
120
4+ bdrms
2
100
80
7
3 bdrms
47%
45%
24
60
39%
33%
40
79
19% 17%
2 bdrms
174
20
0
32
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
74 35 47%
127 50 39%
62 28 45%
16 3 19%
6 1 17%
3 1 33%
1 0 n/a
89
Copyright © 2024 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 April 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listings System, and 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. 22 ●
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