the rennie review - July 2021

coquitlam CONDO-JUNE 2021

SALESTO LISTINGSRATIO 49% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 5% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 12% VS2020

▲ 11% VS2020

▼ 18% VS2020

▲ 72% VS2020

Therewere300condolistingsinCoquitlaminJune,12% aboveMayand18%lowerthanJune2020.

Junecondosalesincreasedby11%month-over-month,to 146,andwere72%aboveJune2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 49% 131 267

%Change

Thesales-to-listingratioforcondosinCoquitlam,at49%, reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

49% 146 300

$696 $530,324 $510,000 23% 85 367

5% 12% 11% 110% 72% -18%

11% 12%

ThecondomedianpriceinJunewas$567,000,a7% decreasefromMayand11%aboveJune2020. Theaveragesoldpricewas$595,887,3%belowlast month;theaveragePSFsalepricewas$734,down2%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

2% -3% -7% -0.8%

$734 $595,887 $567,000

$719 $614,917 $610,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2020 ● JUN 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

370

398

367

387

364

363

300

267

234

266

201

21

203

139

185

130

146

15

154

138

131

85

108

106

107

105

$610K

$600K

$567K

$567K

$560K

$555K

$538K

$536K

$533K

$521K

$518K

$515K

$510K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

120

100%

4+bdrms

1

100

80

64%

4

3bdrms

39

60

40% 39%

40

92

2bdrms

20%

184

20

0

50

<$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

9 9 100%

117 75 64%

124 49 40%

28 11 39%

10 2 20%

4 0 n/a

8 0 n/a

76

Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 22 ●

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