coquitlam TOWNHOME - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 16% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 29% VS 2023
▼ 10% VS 2023
▼ 12% VS 2023
▼ 28% VS 2023
There were 141 townhome listings in Coquitlam in September, 10% above August and 29% higher than September 2023. September townhome sales decreased by 30% month-over-month, to 23, and were 28% below September 2023. The sales-to-listing ratio for townhomes in Coquitlam, at 16%, re)ected a balanced market. The townhome median price in September was $1,057,000, a 1.2% decrease from August and 12% below September 2023. The average sold price was $1,040,209, 3% below last month; the average PSF sale price was $721, up 6% to last month.
THIS MONTH No. $721 $1,040,209 $1,057,000 16% 23 141
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$673 $1,155,241 $1,207,450 29% 32 109
7% -10% -12% -44% -28% 29%
$681 $1,072,191 $1,070,000 26% 33 128
6% -3% -1.2% -37% -30% 10%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
135
141
144
139
120
112
128
103
109
95
60 98
70
70
40
39
37
36
33
32
39
37
33
23
23
23
$1.23M
$1.21M
$1.19M $1.14M $1.19M
$1.16M
$1.10M
$1.08M $1.08M
$1.06M
$997K $1.07M $1.06M
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
60
3
4+ bdrms
50
49
40
15
3 bdrms
75
47%
30
38%
20
5
2 bdrms
14%
17
9%
10
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
8 3 38%
15 7 47%
58 8 14%
54 5 9%
5 0 n/a
1 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. 21 ●
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