the rennie review - November 2022

coquitlam DETACHED -OCTOBER 202

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere224 detached listingsin Coquitlam in O ctober,3% below Septem berand 33% higherthan October2021. O ctoberdetached hom esalesincreased by 8% m onth-over-m onth,to 56,and were45% below O ctober 2021. Thesales-to-listing ratio fordetached in Coquitlam ,at 25% ,reflected aselers'm arket. Thedetachedm edian pricein Octoberwas$1,500,000,a 13% decreasefrom Septem berand 8% below O ctober 2021. Theaveragesold pricewas$1,697,391,1.0% abovelast m onth and up 3% toOctober2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 3% VS 2021

▼ 8% VS 2021

▲ 33% VS 2021

▼ 45% VS 2021

THISMONTH No. $1,697,391 $1,500,000 25% 56 224

PREVIOUSYEAR

PREVIOUSMONTH

No. 60% 101 169

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

-58% -45% 33%

$1,679,852 $1,715,000 23% 52 230

1% -13% 11% 8% -3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,653,814 $1,625,000

3% -8%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

246

230

256

252

224

230

1.67

224

1.661.61

192

1.61

1.57

200

1.50

169

152

120

135

92

18

101

89

79

49

56

68

67

52

49

48

47

$1.93M $1.86M $1.90M $1.84M

$1.79M $1.70M $1.67M

$1.63M $1.72M $1.70M

$1.59M $1.72M

$1.50M

Oct-21

Sep-22

Oct-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

80

70

60

80%

50

58%

40

30

20

23%

17%

14%

10

3%

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-L RATIO SALES INVENTORY

0 1 n/a

3 0 n/a

10 8 80%

31 18 58%

75 17 23%

36 5 14%

33 1 3%

36 6 17%

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