the rennie review - December 2021

coquitlam CONDO-NOVEMBER 2021

SALESTO LISTINGSRATIO 95% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 14% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 21% VS2020

▲ 20% VS2020

▼ 57% VS2020

▲ 39% VS2020

Therewere157condolistingsinCoquitlamin November,12%belowOctoberand58%lowerthan November2020. Novembercondosalesdecreasedby7% month-over-month,to149,andwere39%above November2020. Thesales-to-listingratioforcondosinCoquitlam,at95%, reflectedaselers'market. ThecondomedianpriceinNovemberwas$638,888,a 5%increasefromOctoberand20%aboveNovember 2020. Theaveragesoldpricewas$653,571,5%abovelast month;theaveragePSFsalepricewas$792,up6%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 29% 107 370

%Change

No. 90% 161 179

%Change

TOTALLISTINGS TOTALSALES

95% 149 157

14% 21% 20% 228% 39% -58%

6% 5% 5% 6% -7% -12%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$792 $653,571 $638,888

$749 $624,263 $608,000

$696 $539,057 $532,500

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2020 ● NOV 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

370

301

267

241

234

269

266

201

247

179

21

203

146

141

139

185

157

161

154

149

141

138

131

132

107

105

$639K

$610K

$608K

$608K

$600K

$595K

$597K

$567K

$567K

$560K

$555K

$533K

$515K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

70

100%+ 100%+

60

4+bdrms

2

50

75%

15

40

3bdrms

20

47% 50%

30

40%

20

87

2bdrms

97

10

0

47

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

<2bdrms

S-LRATIO SALES INVENTORY

4 3 75%

40 58 145%

60 66 110%

38 18 47%

4 2 50%

5 2 40%

6 0 n/a

38

Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 22 ●

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