the rennie review - August 2019

coquitlam

DETACHED - JULY 2019

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 11 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

9 % DOWN

-

6 % DOWN

76 % UP

BALANCED 16 %

The number of detached listings in Coquitlam fell to 538 in July, 7% below June and 6% lower year-over-year. The 86 detached sales in July represented an increase of 8% from June and a 76% jump vs July of last year. Coquitlam’s sales-to-listings ratio increased to 16% as the detached segment remained in balanced market territory. The benchmark price in July was $1.17M, virtu- ally unchanged from June and an 11% decrease year-over-year. The average sold price was $1.25M in July, down 1.1% from June and 9% below July 2018.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 578

% Change

No. 575

% Change

TOTAL LISTINGS

538

-7%

-6% 76% 88%

TOTAL SALES

86

80

8%

49 9%

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

16%

14%

15%

$1,169,300 $1,166,100 0.3% $1,309,400 -11% $1,251,560 $1,265,065 -1.1% $1,379,129 -9%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

(MILLIONS)

$1.31

$1.29

$1.23

$1.20

$1.17

2.39

$1.16

$1.16

2.27

2.26

582

575

571

538

509

1.84

487

1.79

1.77

414

86

71

52

49

49

48

27

Jul-18

Jun-19

Jul-19

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY S-L RATIO



  

SELLER'S MARKET









BALANCED





BUYER'S MARKET













. . . 0 0 0 0 0        QD                

S-L RATIO SALES INVENTORY

CurrentasofAugust7,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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