the vancouver rennie review | May 2024

coquitlam DETACHED - APRIL 2 0 2 4

SALES TO LISTINGS RATIO 19% BALANCED MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 9% VS 2023

▲ 7% VS 2023

▲ 83% VS 2023

▼ 5% VS 2023

There were 325 detached listings in Coquitlam in April, 43% above March and 83% higher than April 2023. April detached home sales increased by 11% month-over-month, to 61, and were 5% below April 2023. The sales-to-listing ratio for detached in Coquitlam, at 19%, reflected a balanced market.

THIS MONTH No. $1,934,470 $1,820,000 19% 61 325

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change

No.

% Change

TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE

$1,776,898 $1,706,500 36% 64 178

9% 7% -48% -5% 83%

$1,996,732 $1,850,000 24% 55 227

11% 43%

The detached median price in April was $1,820,000, a 1.6% decrease from March and 7% above April 2023.

-3% -1.6% -23%

The average sold price was $1,934,470, 3% below last month and up 9% to April 2023.

▶ RATIO OF MEDIAN PRICES

▶ RECENT TRENDS

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

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

325

244

238

1.73

234

215

1.66

210

1.63 1.59

200

196

227

1.53

1.50

213

178

179

170

91

84

68

55

49

47

64

43

61

31

27

46

32

$1.81M $1.79M

$1.81M $1.85M $1.82M

$1.75M $1.86M

$1.71M $1.78M $1.82M $1.69M

$1.67M

$1.65M

23-Apr

24-Mar

24-Apr

▶ TOTAL LISTINGS & SALES BY PRICE RANGE

SELLERS' MARKET 21% +

BALANCED 12 - 20%

BUYERS' MARKET <12%

● SALES ● TOTAL INVENTORY ● S-L RATIO

100

80

60%

60

40

33%

31%

28%

22%

20

9%

7%

0

<$1M

$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M

$6.0M+

S-L RATIO SALES INVENTORY

3 1 33%

5 3 60%

26 8 31%

96 27 28%

63 14 22%

57 5 9%

43 3 7%

19 0 n/a

8 0 n/a

5 0 n/a

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 May 8, 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. 20 ●

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