the rennie review - February 2022

coquitlam TOWNHOME-JANUARY 202

SALESTO LISTINGSRATIO 88% SELLERS'MARKET

▶ MARKETSUMMARY Therewere16townhomelistingsinCoquitlamin January,78%aboveDecemberand77%lowerthan January2021. Januarytownhomesalesdecreasedby42% month-over-month,to14,andwere61%belowJanuary 2021. Thesales-to-listingratiofortownhomesinCoquitlam,at 88%,reflectedaselers'market. ThetownhomemedianpriceinJanuarywas$1,239,900, a7%changefromDecemberand43%aboveJanuary 2021. Theaveragesoldpricewas$1,172,900,10%abovelast month;theaveragePSFsalepricewas$749,up17%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 41% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 38% VS2021

▲ 43% VS2021

▼ 77% VS2021

▼ 61% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

14 16

36 70

41% 38% 43% 70% -61% -77%

$640 $1,070,138 $1,156,012 267% 24 9

17% 10% 7% -67% -42% 78%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$749 $1,172,900 $1,239,900 88%

$532 $852,983 $866,900 51%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 2021 ● JAN 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

86

77

73

70

70

64

63

67

50

50

60

57

55

44

40

43 43

31

26

36

34

16

24

23

14

9

$1.24M

$1.16M

$1.05M

$981K

$970K

$982K

$980K

$926K

$915K

$905K

$900K

$867K

$860K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

7

6

100%

100%+

4+bdrms

6

3

5

71%

7

4

3bdrms

9

50%

3

1

2

2bdrms

4

1

0

<$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

1 0 n/a

2 2 100%

2 1 50%

7 5 71%

3 6 200%

1 0 n/a

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 21 ●

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