the rennie review - May 2019

CONDO  APRI L  coquitlam

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 6 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

9 % DOWN

7 % DOWN

139 % UP

34 % DOWN

BALANCED 16 %

The 382 condo listings in Coquitlam in April were up 21% from March and 139% higher than in April 2018. Year-over-year condo sales decreased by 34% in April (to 61) and were unchanged month-over-month. The sales-to-listings ratio dipped to 16%, as Coquitlam’s condo market remained in balanced market conditions. The condo benchmark price in April was $511,500, 2% below March and a 6% decrease vs April 2018. The average sold price was $544,759 in April (down 1.6% vs March) while the average PSF sales price was $631 (a 0.5% increase vs March).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 315

% Change

No. 160

% Change

TOTAL LISTINGS

382

21% 0.0% -18%

139% -34% -73%

TOTAL SALES

61

61

93

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

16%

19%

58%

$511,500 $522,800 $544,759 $553,338

-2% $543,600 -1.6% $600,294

-6% -9% -7%

$631

$628

0.5%

$678

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$543,600 $552,100 $552,500 $529,000 $519,000 $523,300 $511,500

382

374

318

284

272

276

160

93

91

84

64

61

60

43

COQUITLAM REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY SL RATIO

SALES TOTAL INVENTORY

     

SELLER'S MARKET

  



BALANCED

5



3+ bdrms

BUYER'S MARKET

33



41

    

2 bdrms



253

15

<2 bdrms

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

96

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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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