the rennie review - May 2019

coquitlam

DETACHED  APRI L 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 11 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

10 % DOWN

12 % UP

BALANCED 12 %

-

16 % DOWN

The number of detached listings in Coquitlam increased to 523 in April, 6% above March and 12% higher year-over-year. The 65 detached sales in April represented an increase of 35% from March but a 16% decline vs April of last year. Coquitlam’s sales-to-listings ratio increased to 12% as the detached segment transitioned to balanced market territory. The benchmark price in April was $1.16M, 0.5% below March and an 11% decrease year-over-year. The average sold price was $1.21M in April, up 8% from March but 10% below April 2018.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 493

% Change

No. 465

% Change

TOTAL LISTINGS

523

6%

12% -16% -25%

TOTAL SALES

65

48

35% 28%

77

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

12%

10%

17%

$1,156,200 $1,161,600 -0.5% $1,304,900 -11%

$1,213,198 $1,119,560

8% $1,353,289 -10%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

MILLIONS

$1.31

$1.31

$1.30

$1.25

$1.21

2.40

$1.18

$1.16

2.26

2.22

582

566

546

523

1.86

1.82

1.75

465

459

395

77

65

61

59

44

39

28

Apr-18

Mar-19

Apr-19

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY SL RATIO



  



SELLER'S MARKET





BALANCED



BUYER'S MARKET

















. . . 0 0 0 0 0        QD                

S-L RATIO SALES INVENTORY

CurrentasofMay3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the 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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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