rennie review - February 2020

coquitlam

DETACHED  JANUARY 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 2 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

5 % UP

-

27 % DOWN

52 % UP

BALANCED 14 %

The number of detached listings in Coquitlam rose to 302 in January, 8% above December but 27% lower year-over-year. The 41 detached sales in January represented a decrease of 20% from December but a 52% jump vs January of last year. Coquitlam’s sales-to-listings ratio decreased to 14% as the detached segment remained in balanced market territory. The benchmark price in January was $1.17M, 0.5% above December but a 2% decrease year-over-year. The average sold price was $1.31M in January, down 15% vs December but a 5% increase vs January 2019.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 279

% Change

No. 414

% Change

TOTAL LISTINGS

302

8%

-27% 52% 108%

TOTAL SALES

41

51

-20% -26%

27 7%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

14%

18%

$1,170,200 $1,164,300 0.5% $1,195,000 $1,307,233 $1,532,355 -15% $1,244,399

-2%

5%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

MILLIONS

$1.20

$1.17

$1.17

$1.16

$1.16

$1.16

$1.15

1.78

1.76

1.76

572

568

504

488

1.30

1.27

1.26

414

409

302

89

86

80

71

48

41

27

Jan-19

Dec-19

Jan-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY SL RATIO

 

  

SELLER'S MARKET



BALANCED

    

BUYER'S MARKET









. . . 0 0 0 0 0  QD     QD QD                

S-L RATIO SALES INVENTORY

Copyright © 2020 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 February 5, 2020. All data from RealEstateBoardof Greater Vancouver and Fraser Valley & 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.

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