CONDO MAY coquitlam
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
BALANCED 16 %
50 % DOWN
3 % DOWN
24 % DOWN
The 307 condo listings in Coquitlam in May were up 8% from April but 24% lower vs May 2019. Year-over-year condo sales decreased 50% in May (to 49) but were up 17% vs April. The sales-to-listings ratio increased to 16%, as Coquitlam’s condo market remained in balanced market territory. The condo benchmark price in May was $534,300, relatively unchanged month-over-month and 3% above May 2019. The average sold price was $539,088 in May (3% higher vs April) while the average PSF sales price was $696 (a 9% increase vs April).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 285
% Change
No. 404
% Change
TOTAL LISTINGS
307
8%
-24% -50% -34%
TOTAL SALES
49
42
17%
98
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16%
15%
8%
24%
$534,300 $532,500 $539,088 $525,255
0.3% $517,100 3% $554,210
3%
-3%
$696
$638
9%
$677
3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$517,100 $516,400 $518,200 $518,200 $521,900 $528,800 $534,300
404
402
367
307
289
271
184
98
93
87
77
71
79
49
COQUITLAM REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3
3+ bdrms
BUYER'S MARKET
26
22
2 bdrms
177
24
<2 bdrms
. . . . 0 0 0 0 QD QD QD
104
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 June 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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