the rennie review- December 2022

coquitlam DETACHED -NOVEMBER 202

SALES TO LISTINGSRATIO 17% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 7% VS 2021

▼ 10% VS 2021

▲ 47% VS 2021

▼ 60% VS 2021

Therewere224 detached listingsin Coquitlam in N ovem ber,nochangetoO ctoberand 47% higherthan N ovem ber2021. N ovem berdetached hom esalesdecreased by34% m onth-over-m onth,to37,and were60% below N ovem ber2021. Thesales-to-listing ratio fordetached in Coquitlam ,at 17% ,reflected abalanced m arket. Thedetached m edian pricein N ovem berwas $1,550,000,a3% increasefrom O ctoberand 10% below N ovem ber2021. Theaveragesold pricewas$1,637,865,4% below last m onth and down 7% toN ovem ber2021.

THISMONTH No. $1,637,865 $1,550,000 17% 37 224

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,769,139 $1,717,500 61% 92 152

-7% -10% -73% -60% 47%

$1,697,391 $1,500,000 25% 56 224

-34% -34% 0%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

-4% 3%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

246

230

256

252

224

230

224

224

1.641.64

192

1.57

200

1.511.55

1.50

152

120

135

18

92

89

56

79

49

68

67

52

37

49

48

47

$1.93M $1.86M $1.90M $1.84M

$1.79M $1.70M $1.67M

$1.72M $1.70M

$1.59M $1.72M

$1.50M $1.55M

Nov-21

Oct-22

Nov-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

80

100%+

60

40

32%

20

21%

9%

6%

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-L RATIO SALES INVENTORY

1 0 n/a

4 0 n/a

3 5 167%

34 11 32%

77 16 21%

32 3 9%

38 0 n/a

35 2 6%

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