coquitlam DETACHED - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 10% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 100% VS 2023
▼ 10% VS 2023
▼ 9% VS 2023
▼ 6% VS 2023
There were 475 detached listings in Coquitlam in September, 4% above August and 100% higher than September 2023. September detached home sales increased by 18% month-over-month, to 46, and were 6% below September 2023. The sales-to-listing ratio for detached in Coquitlam, at 10%, re)ected a buyers' market. The detached median price in September was $1,700,000, a 1.7% decrease from August and 9% below September 2023. The average sold price was $1,763,589, 1.2% below last month and down 10% to September 2023.
THIS MONTH No. $1,763,589 $1,700,000 10% 46 475
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,953,274 $1,860,000 21% 49 238
-10% -9% -53% -6% 100%
$1,785,564 $1,730,000 9% 39 458
14% 18% 4%
-1.2% -1.7%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
475
424
458
366
1.71
390
325
1.62 1.59
1.61 1.57
1.54
244
234
238
227
196
179
170
78
55
52
47
44
39
32
31
27
49
46
61
54
$1.86M
$1.81M $1.79M
$1.81M $1.85M
$1.82M $1.79M $1.79M $1.74M $1.73M $1.70M
$1.67M
$1.65M
23-Sep
24-Aug
24-Sep
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
140
120
100
80
42%
60
40
20%
11%
6%
20
4%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
1 0 n/a
9 1 11%
24 10 42%
133 26 20%
103 6 6%
70 3 4%
71 0 n/a
38 0 n/a
17 0 n/a
9 0 n/a
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 October 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing 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. 20 ●
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