the rennie review - February 2022

coquitlam CONDO-JANUARY 202

SALESTO LISTINGSRATIO 104% SELLERS'MARKET

▶ MARKETSUMMARY Therewere102condolistingsinCoquitlaminJanuary, nochangetoDecemberand56%lowerthanJanuary 2021. Januarycondosalesdecreasedby5%month-over-month, to106,andwere1.0%aboveJanuary2021.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 22% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 31% VS2021

▲ 32% VS2021

▼ 56% VS2021

▲ 0.9% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 45% 105 234

%Change

No. 111 102

%Change

Thesales-to-listingratioforcondosinCoquitlam,at 104%,reflectedaselers'market.

TOTALLISTINGS TOTALSALES

106 102

22% 31% 32% 132% 1% -56%

-5% -5% 0%

ThecondomedianpriceinJanuarywas$739,900,a9% changefromDecemberand32%aboveJanuary2021. Theaveragesoldpricewas$754,169,8%abovelast month;theaveragePSFsalepricewas$876,up2%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$876 $754,169 $739,900 104%

$856 $696,239 $680,000 109%

2% 8% 9%

$716 $574,259 $560,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 2021 ● JAN 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

301

267

241

269

234

247

201

179

21

203

157

185

146

141

161

154

149

11

141

138

131

132

105

102

106

102

$740K

$680K

$639K

$610K

$608K

$608K

$600K

$597K

$595K

$567K

$567K

$560K

$555K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

50

100%+ 100%+

4+bdrms

40

75%

30

13

63%

3bdrms

20

20

66

2bdrms

20%

10

14%

55

0

27 27

<$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

2 0 n/a

24 15 63%

30 48 160%

29 38 131%

4 3 75%

7 1 14%

5 1 20%

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. 22 ●

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