the rennie review - November 2021

coquitlam TOWNHOME-OCTOBER 2021

SALESTO LISTINGSRATIO 135% SELLERS'MARKET

▶ MARKETSUMMARY Therewere23townhomelistingsinCoquitlamin October,48%belowSeptemberand79%lowerthan October2020. Octobertownhomesalesdecreasedby9% month-over-month,to31,andwere63%belowOctober 2020. Thesales-to-listingratiofortownhomesinCoquitlam,at 135%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$980,000,a 0.2%decreasefromSeptemberand17%aboveOctober 2020. Theaveragesoldpricewas$940,386,0.3%abovelast month;theaveragePSFsalepricewas$558,down4%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 14% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 14% VS2020

▲ 17% VS2020

▼ 79% VS2020

▼ 63% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

31 23

$491 $827,418 $840,000 78% 83 107

14% 14% 17% 74% -63% -79%

34 44

-4% 0.3% -0.2% 74% -9% -48%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$558 $940,386 $980,000 135%

$583 $937,641 $981,500 77%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2020 ● OCT 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

107

87

86

83

77

73

70

70

64

64

63

67

50

61

60

44

57

56

55

50

43 43

31

36

34

23

$981K

$982K

$980K

$970K

$926K

$915K

$905K

$900K

$867K

$860K

$840K

$846K

$840K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

12

3

100%

100%+

100%+

100%

4+bdrms

10

5

8

64%

23

3bdrms

16

6

4

5

2bdrms

2

2

0

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

2 2 100%

2 9 450%

11 7 64%

7 12 171%

1 1 100%

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 21 ●

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