the rennie review - June 2019

coquitlam

TOWNHOME - MAY 2019

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 5 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

108 % UP

3 % DOWN

3 % DOWN

6 % DOWN

SELLER’S 22 %

There were 148 townhome listings in Coquitlam in May 2019, up 3% from April and 108% above May 2018. The 32 townhome sales in May were up by 7 vs April but 2 below May 2018. The sales-to-listings ratio increased to 22% as Coquitlam’s townhome market transitioned to sell- er’s market territory. The townhome benchmark price in May was $671,500, 1.4% above April but 5% lower than in May 2018. The average sold price was $738,019, with an aver- age PSF sales price of $470 (up 1.9% and virtually unchanged, respectively, vs April).

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 143

% Change

No.

% Change

TOTAL LISTINGS

148

3%

71 34

108%

TOTAL SALES

32

25

28% 24%

-6%

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

22%

17%

48%

-55%

$671,500 $662,500 $738,019 $724,364

1.4% $705,800 1.9% $757,668 -0.2% $485

-5% -3% -3%

$470

$471

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$705,800 $711,000 $686,200 $670,400 $672,300 $638,500 $671,500

148

130

127

122

116

96

71

34

32

29

29

24

22

13

COQUITLAM REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY S-L RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  





BALANCED

7

4+ bdrms

BUYER'S MARKET



39





17



3 bdrms



85







8



<3 bdrms

. . . . 0 0 0 0 QD     QD QD QD                

24

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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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