the rennie review - April 2023

coquitlam DETACHED -MARCH 2023

SALES TO LISTINGSRATIO 33% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 10% VS 2022

▼ 13% VS 2022

▼ 12% VS 2022

▼ 51% VS 2022

Therewere177 detached listingsin Coquitlam in M arch, 11% aboveFebruaryand 12% lowerthan M arch 2022. M arch detached hom esalesincreased by 74% m onth-over-m onth,to 59,and were51% below M arch 2022. Thesales-to-listing ratio fordetached in Coquitlam ,at 33% ,reflected aselers'm arket. Thedetachedm edian pricein M arch was$1,650,000,a 0.6% decreasefrom Februaryand 13% below M arch 2022. Theaveragesold pricewas$1,787,604,7% abovelast m onth and down 10% toM arch 2022.

THISMONTH No. $1,787,604 $1,650,000 33% 59 177

PREVIOUSYEAR

PREVIOUSMONTH

No. 60% 120 200

% Change -10% -13% -44% -51% -12%

No.

% Change

TOTALLISTINGS TOTALSALES

$1,664,988 $1,659,542 21% 34 160

57% 74% 11%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

7% -0.6%

$1,992,582 $1,900,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

230

256

224

252

246

230

224

224

1.70

200

1.66

1.62

1.58

177

1.55

178

1.45

167

160

120

89

56

49

59

68

32

52

21

49

47

37

34

$1.90M $1.84M $1.79M

$1.72M

$1.70M $1.67M $1.59M

$1.66M $1.65M

$1.50M $1.55M $1.52M $1.49M

22-Mar

23-Feb

23-Mar

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

60

100%+

50

40

67%

30

50%

39%

20

27%

17%

10

8%

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-L RATIO SALES INVENTORY

2 1 50%

0 1 n/a

2 3 150%

21 14 67%

59 23 39%

37 10 27%

30 5 17%

26 2 8%

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