the rennie review - June 2019

coquitlam

DETACHED - MAY 2019

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 12 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

9 % UP

11 % DOWN

4 % DOWN

-

BALANCED 13 %

The number of detached listings in Coquitlam increased to 560 in May, 4% above April and 9% higher year-over-year. The 71 detached sales in May represented an increase of 9% from April but a 4% decline vs May of last year. Coquitlam’s sales-to-listings ratio increased to 13% as the detached segment remained in balanced market territory. The benchmark price in May was $1.16M, 0.7% above April but a 12% decrease year-over-year. The average sold price was $1.25M in May, up 3% from April but 11% below May 2018.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 538

% Change

No. 513

% Change

TOTAL LISTINGS

560

4% 9% 5%

9%

TOTAL SALES

71

65

74

-4%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

13%

12%

14%

-12%

$1,164,300 $1,156,700 0.7% $1,319,800 -12%

$1,248,762 $1,213,198

3% $1,401,829 -11%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

(MILLIONS)

$1.32

$1.31

$1.29

$1.23

2.40

$1.20

$1.16

$1.16

2.26

2.25

591

584

560

1.87

518

513

501

1.75

1.73

424

74

71

52

49

49

48

27

May-18

Apr-19

May-19

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY S-L RATIO

    



  

SELLER'S MARKET

BALANCED

BUYER'S MARKET







 







. . . 0 0 0 0 0        QD                

S-L RATIO SALES INVENTORY

CurrentasofJune4,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverifiedthe informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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