CONDO - MAY 2019 coquitlam
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.3 % UP
60 % UP
11 % UP
7 % DOWN
SELLER’S 25 %
The 392 condo listings in Coquitlam in May were down 0.8% from April but 60% higher than in May 2018. Year-over-year condo sales increased by 11% in May (to 98) and were 61% higher month-over-month. The sales-to-listings ratio increased to 25%, as Coquitlam’s condo market transitioned to seller’s market territory. The condo benchmark price in May was $517,100, 1.1% above April but a 6% decrease vs May 2018. The average sold price was $554,210 in May (up 1.7% vs April) while the average PSF sales price was $677 (a 7% increase vs April).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 395
% Change
No. 245
% Change
TOTAL LISTINGS
392
-0.8%
60% 11% -30%
TOTAL SALES
98
61
61% 62%
88
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
25%
15%
36%
$517,100 $511,500 $554,210 $544,759
1.1% $550,900 1.7% $597,395
-6% -7%
$677
$631
7%
$675
0.3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$550,900 $548,900 $537,600 $522,300 $515,500 $522,800 $517,100
392
381
345
323
316
296
245
98
88
69
61
56
56
42
COQUITLAM REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
10
3+ bdrms
BUYER'S MARKET
36
47
2 bdrms
264
41
<2 bdrms
. . . . 0 0 0 0 QD QD QD
92
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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