the rennie review - May 2022

coquitlam DETACHED-APRIL 202

SALESTO LISTINGSRATIO 40% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

SALES

TOTALLISTINGS

▲ 15% VS2021

▲ 12% VS2021

▼ 37% VS2021

▼ 29% VS2021

Therewere224detachedlistingsinCoquitlaminApril, 12%aboveMarchand37%lowerthanApril2021. Aprildetachedhomesalesdecreasedby25% month-over-month,to90,andwere29%belowApril 2021. Thesales-to-listingratiofordetachedinCoquitlam,at 40%,reflectedaselers'market.

THISMONTH No. $1,921,414 $1,845,000 40% 90 224

PREVIOUSYEAR

PREVIOUSMONTH

No. 36% 126 354

%Change

No. 60% 120 200

%Change

TOTALLISTINGS TOTALSALES

15% 12% 13% -29% -37%

-33% -25% 12%

ThedetachedmedianpriceinAprilwas$1,845,000,a3% decreasefromMarchand12%aboveApril2021.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

Theaveragesoldpricewas$1,921,414,4%belowlast monthandup15%toApril2021.

$1,992,582 $1,900,000

-4% -3%

$1,664,733 $1,654,000

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

354

320

354

1.71

1.68

1.62

1.621.55

224

261

1.55

224

192

169

201

200 120

153

152

126

101

99

92

135

126

18

90

103

79

74

67

48

$1.93M

$1.90M $1.86M

$1.85M

$1.72M

$1.70M

$1.65M

$1.63M

$1.57M

$1.55M

$1.52M

$1.50M

$1.44M

Apr-21

Mar-22

Apr-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

80

60

67%

65%

40

43%

28%

26%

20

9%

0

<$600K

$600-799K

$800-999K

$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M

$2.0M-2.49M

$2.5M-2.99M

$3M+

S-LRATIO SALES INVENTORY

3 2 67%

2 0 n/a

3 0 n/a

29 8 28%

77 50 65%

44 19 43%

31 8 26%

35 3 9%

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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