the rennie review - April 2023

coquitlam TOWNHOME-MARCH 2023

SALES TO LISTINGSRATIO 49% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 11% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 5% VS 2022

▼ 3% VS 2022

▲ 16% VS 2022

▼ 61% VS 2022

Therewere51 townhom elistingsin Coquitlam in M arch, 2% aboveFebruaryand 16% higherthan M arch 2022. M arch townhom esalesdecreased by29% m onth-over-m onth,to 25,and were61% below M arch 2022. Thesales-to-listing ratio fortow nhom esin Coquitlam ,at 49% ,reflected aselers'm arket. Thetownhom em edian pricein M arch was$1,135,000,a 8% increasefrom Februaryand 3% below M arch 2022. Theaveragesold pricewas$1,088,056,8% abovelast m onth;theaveragePSF salepricewas$631,up 0.0% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

25 51

64 44

-11% -5% -3% -66% -61% 16%

35 50

-30% -29% 2%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$631 $1,088,056 $1,135,000 49%

$712 $1,140,597 $1,173,750 145%

$631 $1,008,989 $1,050,000 70%

0% 8% 8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 202 ● MAR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

83

82

69

68

75

64

62

56

66 46

62

50

51

35

44

44

32

25

35

25

14

21

19

16

5

14

$1.17M $1.19M

$1.14M

$1.05M

$1.02M $1.07M

$999K $960K

$991K $1000K $1.02M $998K

$874K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

20

9

100%+

100%

4+ bdrms

14

15

12

58%

3 bdrms

24

10

33%

27%

4

5

2 bdrms

12

0

<2 bdrms

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

1

S-L RATIO SALES INVENTORY

4 5 125%

11 3 27%

19 11 58%

15 5 33%

1 1 100%

1 0 n/a

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