the rennie review - January 2023

coquitlam DETACHED -DECEMBER 202

SALESTO LISTINGSRATIO 18% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 16% VS2021

▼ 11% VS2021

▲ 51% VS2021

▼ 52% VS2021

Therewere178 detached listingsin Coquitlam in D ecem ber,21% below N ovem berand 51% higherthan D ecem ber2021. D ecem berdetached hom esalesdecreased by 14% m onth-over-m onth,to32,and were52% below D ecem ber2021. Thesales-to-listing ratio fordetached in Coquitlam ,at 18% ,reflected abalanced m arket. Thedetachedm edian pricein D ecem berwas$1,520,000, a1.9% decreasefrom N ovem berand 11% below D ecem ber2021. Theaveragesold pricewas$1,602,844,2% below last m onth and down 16% toD ecem ber2021.

THISMONTH No. $1,602,844 $1,520,000 18% 32 178

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

%Change

No.

TOTALLISTINGS TOTALSALES

$1,897,366 $1,700,000 57% 67 118

-16% -11% -68% -52% 51%

-2% -1.9% 9% -14% -21%

$1,637,865 $1,550,000 17% 37 224

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

246

230

256

224

252

230

224

224

1.70

192

1.60

200

1.52

1.511.57

1.47

178

120

135

18

89

56

67

79

49

68

52

49

48

47

32

37

$1.93M $1.86M $1.90M $1.84M

$1.79M $1.70M $1.67M

$1.70M

$1.59M $1.72M

$1.50M $1.55M $1.52M

Dec-21

Nov-22

Dec-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

60

50

40

50%

30

46%

20

21%

18%

10

0

<$600K

$600-799K

$800-999K

$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M

$2.0M -2.49M

$2.5M -2.99M

$3M+

S-LRATIO SALES INVENTORY

1 0 n/a

0 1 n/a

4 2 50%

24 11 46%

62 13 21%

28 5 18%

27 0 n/a

32 0 n/a

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