the rennie review - August 2021

coquitlam TOWNHOME-JULY 2021

SALESTO LISTINGSRATIO 67% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 18% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 5% VS2020

▲ 2% VS2020

▼ 50% VS2020

▼ 20% VS2020

Therewere64townhomelistingsinCoquitlaminJuly, 12%belowJuneand50%lowerthanJuly2020. Julytownhomesalesdecreasedby14% month-over-month,to43,andwere20%belowJuly 2020. Thesales-to-listingratiofortownhomesinCoquitlam,at 67%,reflectedaseler'smarket. ThetownhomemedianpriceinJulywas$860,000,a5% decreasefromJuneand2%aboveJuly2020. Theaveragesoldpricewas$860,565,4%belowlast month;theaveragePSFsalepricewas$578,down5%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

43 64

$489 $817,140 $839,400 42% 54 129

18% 5% 2% 61% -20% -50%

50 73

5% -4% -5% -1.9% -14% -12%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$578 $860,565 $860,000 67%

$550 $893,060 $905,000 68%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

129

130

129

107

87

86

83

77

73

70

70

64

63

64

67

54

62

60 55

57

56 61

43

50

45

36

$981K

$970K

$926K

$915K

$905K

$867K

$852K

$860K

$839K

$838K

$840K

$846K

$840K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

7

100%+

25

94%

4+bdrms

16

20

24

3bdrms

15

35

50%

10

33% 33%

11

2bdrms

5

13

0

1

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

<2bdrms

S-LRATIO SALES INVENTORY

4 2 50%

13 15 115%

17 16 94%

27 9 33%

3 1 33%

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 21 ●

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