rennie review - February 2020

coquitlam

CONDO  JANUARY 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 1.2 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

SELLER’S 43 %

3 % DOWN

0.3 % UP

43 % DOWN

69 % UP

The 166 condo listings in Coquitlam in January were down 4% from December and 43% lower vs January 2019. Year-over-year condo sales rose by 69% in January (to 71) but were 32% lower vs December. The sales-to-listings ratio decreased to 43%, as Coquitlam’s condo market remained in seller’s market territory. The condo benchmark price in January was $521,900, 1.2% below December but a 1.2% increase vs January 2019. The average sold price was $522,472 in January (down 7% vs December) while the average PSF sales price was $626 (a 5% decrease vs December).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 173 104 60%

% Change

No. 291

% Change

TOTAL LISTINGS

166

-4%

-43% 69% 196% 1.2%

TOTAL SALES

71

-32% -29%

42

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

43%

14%

$521,900 $528,100 $522,472 $562,522

-1.2% $515,500 -7% $541,270

-3%

$626

$659

-5%

$624

0.3%

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$515,500 $522,800 $517,100 $516,400 $518,200 $518,200 $521,900

404

402

367

318

291

289

166

98

93

87

77

71

61

42

COQUITLAM REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  





BALANCED

4





3+ bdrms

BUYER'S MARKET

11





41





2 bdrms

112







26



<2 bdrms

. . . . 0 0 0 0     QD QD QD QD                

43

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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