the rennie review - August 2021

coquitlam DETACHED-JULY 2021

SALESTO LISTINGSRATIO 39% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 19% VS2020

▲ 17% VS2020

▼ 16% VS2020

▼ 6% VS2020

Therewere261detachedlistingsinCoquitlaminJuly, 18%belowJuneand16%lowerthanJuly2020. Julydetachedhomesalesdecreasedby19% month-over-month,to103,andwere6%belowJuly 2020. Thesales-to-listingratiofordetachedinCoquitlam,at 39%,reflectedaseler'smarket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 36% 110 309

%Change

No. 40% 127 320

%Change

TOTALLISTINGS TOTALSALES

39% 103 261

19% 17% 11% -6% -16%

3% 5% -0.6% -19% -18%

ThedetachedmedianpriceinJulywas$1,515,000,a5% increasefromJuneand17%aboveJuly2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

Theaveragesoldpricewas$1,597,774,3%abovelast monthandup19%toJuly2020.

$1,553,702 $1,440,000

$1,597,774 $1,515,000

$1,337,949 $1,300,000

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

329

321

320

354 354

309

285

276

1.76

289

261

1.551.56 1.591.60

181

1.45

215

154

193

184

127 129

103

10

126

127

103

104

93

85

77

$1.65M

$1.56M $1.55M

$1.52M

$1.50M

$1.50M

$1.44M

$1.41M

$1.38M

$1.36M

$1.30M

$1.30M

$1.29M

Jul-20

Jun-21

Jul-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

80

100%+

100%+

60

65%

52%

51%

40

25%

20

12%

6%

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-LRATIO SALES INVENTORY

1 2 200%

0 1 n/a

3 4 133%

20 13 65%

53 27 51%

81 42 52%

28 7 25%

42 5 12%

33 2 6%

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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