the rennie review - April 2022

coquitlam CONDO-MARCH 202

SALESTO LISTINGSRATIO 95% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 27% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 33% VS2021

▲ 36% VS2021

▲ 11% VS2021

▲ 14% VS2021

Therewere223condolistingsinCoquitlaminMarch, 45%aboveFebruaryand11%higherthanMarch2021.

Marchcondosalesincreasedby48%month-over-month, to211,andwere14%aboveMarch2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 92% 185 201

%Change

No. 93% 143 154

%Change

Thesales-to-listingratioforcondosinCoquitlam,at95%, reflectedaselers'market.

TOTALLISTINGS TOTALSALES

95% 211 223

27% 33% 36% 3% 14% 11%

5% 8% 7% 1.9% 48% 45%

ThecondomedianpriceinMarchwas$755,000,a7% increasefromFebruaryand36%aboveMarch2021. Theaveragesoldpricewas$769,369,8%abovelast month;theaveragePSFsalepricewas$908,up5%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$908 $769,369 $755,000

$868 $712,628 $707,000

$717 $579,705 $555,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 2021 ● MAR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

301

267

241

269

223

247

211

201 21

179

157

154

185

146

141

161

154

11

149

105

143

141

131

132

102 102

$755K

$740K

$707K

$680K

$639K

$610K

$600K

$608K

$608K

$595K

$597K

$567K

$555K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100

100%+ 100%+

4+bdrms

80

75%

60

20

3bdrms

36

40

43%

40%

38%

129 129

2bdrms

20

17%

0

62

<$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

5 2 40%

40 30 75%

77 91 118%

63 74 117%

23 10 43%

8 3 38%

6 1 17%

1 0 n/a

58

Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 22 ●

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