the rennie review - December 2021

coquitlam DETACHED-NOVEMBER 2021

SALESTO LISTINGSRATIO 61% SELLERS'MARKET

▶ MARKETSUMMARY Therewere152detachedlistingsinCoquitlamin November,10%belowOctoberand45%lowerthan November2020. Novemberdetachedhomesalesdecreasedby9% month-over-month,to92,andwere1.1%below November2020. Thesales-to-listingratiofordetachedinCoquitlam,at 61%,reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $1,717,500,a6%increasefromOctoberand24%above November2020. Theaveragesoldpricewas$1,769,139,7%abovelast monthandup24%toNovember2020.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 24% VS2020

▲ 24% VS2020

▼ 45% VS2020

▼ 1.0% VS2020

THISMONTH No. $1,769,139 $1,717,500 61% 92 152

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 60% 101 169

%Change

TOTALLISTINGS TOTALSALES

$1,428,616 $1,380,000 34% 93 276

24% 24% 80% -1.1% -45%

7% 6% 1.3% -9% -10%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,654,061 $1,625,000

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

320

354 354

285

276

1.661.61 1.641.64

1.631.59

224

261

181

215

169

201

154

193

184

152

103

101

99

126

126

93

92

104

103

77

74

$1.72M

$1.65M

$1.63M

$1.57M

$1.56M $1.55M

$1.55M

$1.52M

$1.50M

$1.50M

$1.44M

$1.41M

$1.38M

Nov-20

Oct-21

Nov-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

100%+

100%+

40

73%

30

67%

64%

20

10

19%

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-LRATIO SALES INVENTORY

3 2 67%

1 0 n/a

2 5 250%

22 16 73%

24 44 183%

28 18 64%

37 7 19%

35 0 n/a

Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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