the rennie review - July 2023

coquitlam CONDO -JUNE 2023

SALES TO LISTINGSRATIO 55% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 0.5% VS 2022

▲ 3% VS 2022

▼ 12% VS 2022

▲ 3% VS 2022

Therewere226 condolistingsin Coquitlam in June,6% aboveM ayand 12% lowerthan June2022.

Junecondo salesdecreased by5% m onth-over-m onth,to 124,and were3% aboveJune2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No. 47% 120 257

% Change

No. 61% 130 213

% Change

Thesales-to-listing ratio forcondosin Coquitlam ,at55%, reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

55% 124 226

6% 0.5% 3% 18% 3% -12%

1.8% 3% 2% -10% -5% 6%

Thecondom edian pricein Junewas$690,000,a2.0% increasefrom M ayand 3% aboveJune2022. Theaveragesold pricewas$709,223,3% abovelast m onth;theaveragePSF salepricewas$876,up 1.8% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$876 $709,223 $690,000

$861 $687,491 $676,500

$829 $705,877 $670,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 202 ● JUN 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

265

288

285

247

257

268

219

213

226

201

193

188

188

130

120

109

106

124

84

75

74

99

73

72

48

35

$683K $685K $677K $690K

$670K

$672K

$631K $648K $638K $635K $655K $625K

$616K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

80

4+ bdrms

60

75%

69%

10

3 bdrms

27

40

50%

40%

38%

74

20

2 bdrms

135

12%

0

40

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

2 1 50%

49 34 69%

79 59 75%

69 26 38%

17 2 12%

5 2 40%

4 0 n/a

1 0 n/a

64

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