the rennie review - July 2020

coquitlam

DETACHED  JUNE 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 4 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

3 % UP

-

44 % DOWN

1 % UP

SELLER’S 25 %

The number of detached listings in Coquitlam declined to 326 in June, 2% belowMay and 44% lower year-over-year. The 81 detached sales in June represented an increase of 65% fromMay and were 1.3% higher vs June of last year. Coquitlam’s sales-to-listings ratio increased to 25% as the detached segment transitioned to a seller’s market. The benchmark price in June was $1.21M, a 0.4% decline from last month but a 4% increase year-over-year. The average sold price was $1.30M in June, up 3% year-over-year and 11% month-over-month.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 333

% Change

No. 586

% Change

TOTAL LISTINGS

326

-2% 65% 69%

-44%

TOTAL SALES

81

49

80

1%

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

25%

15%

14%

82%

$1,210,700 $1,215,200 -0.4% $1,166,100

4% 3%

$1,302,696 $1,171,574

11% $1,265,065

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.22

$1.21

$1.18

$1.17

$1.17

$1.16

$1.15

1.77

1.77

1.75

586

532

470

1.32

1.29

1.28

326

320

307

285

97

81

80

78

67

51

33

Jun-19

May-20

Jun-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

  



  

SELLER'S MARKET



BALANCED



BUYER'S MARKET

    







. . . 0 0 0 0 0 QD      QD                 

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 July 3, 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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