coquitlam CONDO - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.2% VS 2023
▲ 7% VS 2023
▲ 34% VS 2023
▲ 18% VS 2023
There were 421 condo listings in Coquitlam in November, 8% below October and 34% higher than November 2023. November condo sales decreased by 31% month-over-month, to 97, and were 18% above November 2023. The sales-to-listing ratio for condos in Coquitlam, at 23%, reflected a sellers' market. The condo median price in November was $665,000, a 2% decrease from October and 7% above November 2023. The average sold price was $675,540, 2% below last month; the average PSF sale price was $838, down 4% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 141 460
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$838 $675,540 $665,000 23% 97 421
$854 $673,896 $622,500 26% 82 315
18% 34%
-25% -31% -8%
-1.9% 0.2% 7% -11%
$873 $692,720 $680,000 31%
-4% -2% -2%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
430
472
460
421
375
417
380
315
289
311
250
224
219
141
131
106
94
97
118
82
106
94
90
82
59
59
$717K
$718K
$702K
$688K
$684K
$680K
$673K
$673K
$668K
$667K
$662K
$665K
$623K
COQUITLAM
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
4+ bdrms
2
150
6
3 bdrms
100
35
35%
27%
54
50
2 bdrms
13%
265
8%
0
37
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
93 33 35%
181 48 27%
108 14 13%
25 2 8%
10 0 n/a
2 0 n/a
1 0 n/a
1 0 n/a
119
Copyright © 2024 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 December 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 22 ●
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