the rennie review - January 2023

coquitlam CONDO -DECEMBER 202

SALESTO LISTINGSRATIO 19% BALANCEDM ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▼ 9% VS2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 10% VS2021

▼ 8% VS2021

▲ 84% VS2021

▼ 68% VS2021

Therewere188 condolistingsin Coquitlam in D ecem ber,24% below N ovem berand 84% higherthan D ecem ber2021. D ecem bercondo salesdecreased by 52% m onth-over-m onth,to36,and were68% below D ecem ber2021. Thesales-to-listing ratio forcondosin Coquitlam ,at19%, reflected abalanced m arket. Thecondom edian pricein D ecem berwas$622,500,a 5% decreasefrom N ovem berand 8% below D ecem ber 2021. Theaveragesold pricewas$628,438,9% below last m onth;theaveragePSF salepricewas$780,down 4% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 111 102

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$780 $628,438 $622,500 19% 36 188

-9% -10% -8% -82% -68% 84%

$811 $692,132 $654,900 30% 75 247

-37% -52% -24%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$856 $696,239 $680,000 109%

-4% -9% -5%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2021 ● DEC 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

274

265

288

285

247

268

223

257

230

21

154

188

120

1 105

147

109

143

125

102

75

74

102

74

72

36

$755K

$740K $707K

$708K $707K

$680K

$670K $631K $648K $638K $635K $655K $623K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

80

4+bdrms

60

2

3bdrms

40

25

41%

27%

24

20

2bdrms

118

2%

0

10

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2bdrms

S-LRATIO SALES INVENTORY

3 0 n/a

34 14 41%

77 21 27%

2%

15 0 n/a

7 0 n/a

3 0 n/a

1 0 n/a

45

48 1

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