the rennie review - November 2020

coquitlam

DETACHED  OCTOBER 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 10 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

11 % UP

-

36 % DOWN

33 % UP

SELLER’S 43 %

The number of detached listings in Coquitlam decreased to 303 in October, 12% below September and 36% lower year-over-year. The 129 detached sales in October represented an increase of 1.6% from September and were 33% higher vs October of last year. Coquitlam’s sales-to-listings ratio jumped to 43% as the detached segment remained in seller’s market territory. The benchmark price in October was $1.26M, 1.7% higher vs last month and a 10% increase year-over-year. The average sold price was $1.41M in October, up 0.9% vs last month and 11% higher vs last year.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 344 127 37%

% Change

No. 470

% Change

TOTAL LISTINGS

303 129 43%

-12% 1.6% 15%

-36% 33% 106%

TOTAL SALES

97

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

21%

$1,262,100 $1,240,900 1.7% $1,151,200 $1,406,280 $1,393,169 0.9% $1,261,508

10% 11%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.26

$1.23

$1.22

$1.21

$1.18

$1.17

$1.15

1.80

1.78

1.77

470

1.31

1.31

1.25

357

345

320

307

303

285

129

97

85

81

67

51

33

Oct-19

Sep-20

Oct-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 November 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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