coquitlam CONDO - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 42% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.1% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.4% VS 2023
▲ 61% VS 2023
▲ 32% VS 2023
▼ 1.1% VS 2023
There were 311 condo listings in Coquitlam in April, 8% above March and 61% higher than April 2023.
April condo sales increased by 11% month-over-month, to 131, and were 32% above April 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 118 289
% Change
The sales-to-listing ratio for condos in Coquitlam, at 42%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
131 311
$853 $707,392 $685,000 51% 99 193
32% 61%
0.6% -2% -4% 3% 11% 8%
The condo median price in April was $688,000, a 4% decrease from March and 0.4% above April 2023. The average sold price was $699,603, 2% below last month; the average PSF sale price was $863, up 0.6% to last month.
$863 $699,603 $688,000 42%
1.1% -1.1% 0.4% -18%
$857 $717,269 $717,000 41%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
343
315
298
289
311
258
213
250
226
225
224
219
193
130
124
120
118
131
104
82
99
102
83
79
59
59
$720K
$717K
$705K
$690K
$685K
$682K
$688K
$677K
$670K
$668K
$667K
$662K
$623K
COQUITLAM
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
160
140
4+ bdrms
2
120
69%
100
10
3 bdrms
80
23
39%
35%
60
25%
76
40
19%
2 bdrms
200
20
0
45
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
65 45 69%
152 59 39%
66 23 35%
16 3 19%
7 0 n/a
4 1 25%
1 0 n/a
86
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. 22 ●
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