the rennie review - October 2021

coquitlam DETACHED-SEPTEMBER 2021

SALESTO LISTINGSRATIO 33% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 15% VS2020

▲ 22% VS2020

▼ 32% VS2020

▼ 42% VS2020

Therewere224detachedlistingsinCoquitlamin September,11%aboveAugustand32%lowerthan September2020. Septemberdetachedhomesalesdecreasedby25% month-over-month,to74,andwere42%below September2020. Thesales-to-listingratiofordetachedinCoquitlam,at 33%,reflectedaselers'market. ThedetachedmedianpriceinSeptemberwas $1,570,000,a1.3%increasefromAugustand22%above September2020. Theaveragesoldpricewas$1,599,820,0.7%belowlast monthandup15%toSeptember2020.

THISMONTH No. $1,599,820 $1,570,000 33% 74 224

PREVIOUSYEAR

PREVIOUSMONTH

No. 39% 127 329

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

15% 22% -14% -42% -32%

$1,610,311 $1,550,000 49% 99 201

-0.7% 1.3% -33% -25% 11%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,393,169 $1,288,000

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

320

354 354

329

285

276

1.72

289

1.601.64

1.59

261

224

1.51

1.48

181

215

201

154

193

184

129

127

103

99

126

126

104

103

74

93

77

$1.65M

$1.57M

$1.56M $1.55M

$1.55M

$1.52M

$1.50M

$1.50M

$1.44M

$1.41M

$1.38M

$1.36M

$1.29M

Sep-20

Aug-21

Sep-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

70

100%+ 100%+

60

50

40

50%

50%

30

20

20%

19%

10

6%

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

5 1 20%

1 0 n/a

1 3 300%

6 11 183%

30 15 50%

70 35 50%

36 7 19%

41 0 n/a

34 2 6%

Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoard ofGreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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