coquitlam CONDO - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 27% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 12% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 13% VS 2022
▲ 7% VS 2022
▲ 16% VS 2022
▲ 69% VS 2022
There were 219 condo listings in Coquitlam in December, 30% below November and 16% higher than December 2022. December condo sales decreased by 28% month-over-month, to 59, and were 69% above December 2022. The sales-to-listing ratio for condos in Coquitlam, at 27%, reflected a sellers' market. The condo median price in December was $668,000, a 7% increase from November and 7% above December 2022. The average sold price was $716,249, 6% above last month; the average PSF sale price was $879, up 3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$879 $716,249 $668,000 27% 59 219
$782 $632,194 $625,000 19% 35 188
12% 13% 7% 45% 69% 16%
$854 $673,896 $622,500 26% 82 315
-28% -30%
3% 6% 7% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2022 ● DEC 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
343
315
298
258
219
213
226
225
219
188
201
193
106 188
130
124
120
84
82
102
99
83
79
59
35
48
$720K
$705K
$690K
$683K
$685K
$682K
$677K
$672K
$670K
$668K
$625K
$623K
$616K
COQUITLAM
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
80
4+ bdrms
1
60
6
3 bdrms
40
17
50%
37%
33%
34
20
2 bdrms
127
13% 13%
0
19
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2 bdrms
S-L RATIO SALES INVENTORY
1 0 n/a
57 19 33%
78 29 37%
61 8 13%
16 2 13%
3 0 n/a
1 0 n/a
2 1 50%
74
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 10, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 22 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online