the rennie review - October 2021

coquitlam CONDO-SEPTEMBER 2021

SALESTO LISTINGSRATIO 55% SELLERS'MARKET

▶ MARKETSUMMARY Therewere241condolistingsinCoquitlamin September,2%belowAugustand38%lowerthan September2020. Septembercondosalesdecreasedby6% month-over-month,to132,andwere22%above September2020. Thesales-to-listingratioforcondosinCoquitlam,at55%, reflectedaselers'market. ThecondomedianpriceinSeptemberwas$597,000,a 1.8%decreasefromAugustand11%aboveSeptember 2020. Theaveragesoldpricewas$633,917,2%abovelast month;theaveragePSFsalepricewas$771,up1.8%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 9% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 10% VS2020

▲ 11% VS2020

▼ 38% VS2020

▲ 22% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 28% 108 387

%Change

No. 57% 141 247

%Change

TOTALLISTINGS TOTALSALES

55% 132 241

9% 10% 11% 96% 22% -38%

-4% -6% -2%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$771 $633,917 $597,000

$757 $619,101 $608,000

1.8% 2% -1.8%

$705 $576,351 $535,500

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● SEP 2020 ● SEP 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

370

387

398

301

267

234

269

266

241

201

247

21 154

203

146

141

139

185

130

132

141

138

108

131

107

105

$610K

$608K

$600K

$595K

$597K

$567K

$567K

$560K

$555K

$536K

$533K

$518K

$515K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

80

4+bdrms

1

76%

60

10

57%

3bdrms

28

40

33%

29%

76

2bdrms

20

17%

160

11% 14%

0

46

<$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

6 2 33%

85 65 76%

90 51 57%

38 11 29%

9 1 11%

7 1 14%

6 1 17%

52

Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 22 ●

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