the rennie review - July 2023

coquitlam DETACHED -JUNE 2023

SALES TO LISTINGSRATIO 40% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2022

▲ 7% VS 2022

▼ 17% VS 2022

▲ 81% VS 2022

Therewere213 detached listingsin Coquitlam in June, 6% aboveM ayand 17% lowerthan June2022. Junedetached hom esalesdecreased by 8% m onth-over-m onth,to85,and were81% aboveJune 2022. Thesales-to-listing ratio fordetached in Coquitlam ,at 40% ,reflected aselers'm arket.

THISMONTH No. $1,897,867 $1,814,150 40% 85 213

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,747,657 $1,702,000 18% 47 256

9% 7% 117% 81% -17%

$1,868,714 $1,774,000 46% 92 201

1.6% 2% -13% -8% 6%

Thedetachedm edian pricein Junewas$1,814,150,a2% increasefrom M ayand 7% aboveJune2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,897,867,1.6% abovelast m onth and up 9% toJune2022.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

256

230

224

246

201 213

230

224

1.77

1.73

177

1.70

179

178

1.54

1.52

167

160

1.43

92

85

59

56

49

66

32

47

52

21

49

37

34

$1.70M $1.67M $1.59M $1.72M

$1.71M $1.77M $1.81M

$1.66M $1.65M

$1.50M $1.55M $1.52M $1.49M

22-Jun

23-M ay 23-Jun

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

60

50

73%

40

50%

30

48%

33%

20

28%

19%

14%

10

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

3 1 33%

0 1 n/a

2 1 50%

25 12 48%

59 43 73%

61 17 28%

26 5 19%

37 5 14%

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