the rennie review - May 2022

coquitlam CONDO-APRIL 202

SALESTO LISTINGSRATIO 64% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 21% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 21% VS2021

▲ 18% VS2021

▲ 9% VS2021

▼ 4% VS2021

Therewere230condolistingsinCoquitlaminApril,3% aboveMarchand9%higherthanApril2021.

Aprilcondosalesdecreasedby30%month-over-month, to148,andwere4%belowApril2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 73% 154 211

%Change

No. 95% 211 223

%Change

Thesales-to-listingratioforcondosinCoquitlam,at64%, reflectedaselers'market.

TOTALLISTINGS TOTALSALES

64% 148 230

21% 21% 18% -12% -4% 9%

-32% -30% 3%

ThecondomedianpriceinAprilwas$707,950,a6% decreasefromMarchand18%aboveApril2021. Theaveragesoldpricewas$736,148,4%belowlast month;theaveragePSFsalepricewas$888,down2%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$888 $736,148 $707,950

$908 $769,155 $755,000

-2% -4% -6%

$732 $609,259 $600,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

301

267

241

269

223

230

247

179

21

21

157

154

146

141

154

161

149

11

148

105

143

141

131

132

102 102

$755K

$740K

$708K

$707K

$680K

$639K

$610K

$600K

$608K

$608K

$595K

$597K

$567K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

80

4+bdrms

81%

60

71%

16

60%

58%

3bdrms

34

40

42%

82

20

2bdrms

139

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

4 0 n/a

42 30 71%

85 69 81%

65 38 58%

19 8 42%

5 3 60%

9 0 n/a

1 0 n/a

57

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 22 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online