the rennie review - May 2022

coquitlam TOWNHOME-APRIL 202

SALESTO LISTINGSRATIO 51% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 24% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 23% VS2021

▲ 23% VS2021

▼ 3% VS2021

▼ 48% VS2021

Therewere68townhomelistingsinCoquitlaminApril, 55%aboveMarchand3%lowerthanApril2021. Apriltownhomesalesdecreasedby45% month-over-month,to35,andwere48%belowApril 2021. Thesales-to-listingratiofortownhomesinCoquitlam,at 51%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$1,190,000,a 1.4%increasefromMarchand23%aboveApril2021. Theaveragesoldpricewas$1,140,415,0.0%belowlast month;theaveragePSFsalepricewas$698,down2%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

35 68

67 70

24% 23% 23% -46% -48% -3%

64 44

1.4% -65% -45% 55%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$698 $1,140,415 $1,190,000 51%

$561 $926,489 $970,000 96%

$712 $1,140,597 $1,173,750 145%

-2% 0%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

73

70

68

77

64

64

67

50

57

44

50

40

36

44

43 43

31

26

35

34

30

16

24

23

14

9

$1.24M

$1.17M $1.20M

$1.19M

$1.16M

$1.05M

$970K

$982K

$980K

$915K

$905K

$900K

$860K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

20

11

4+bdrms

20

80%

15

19

3bdrms

31

10

47%

42% 38%

5

25%

5

2bdrms

15

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 0 n/a

12 5 42%

13 5 38%

17 8 47%

20 16 80%

4 1 25%

2

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 21 ●

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