the rennie review - August 2021

coquitlam CONDO-JULY 2021

SALESTO LISTINGSRATIO 52% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 7% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 7% VS2020

▲ 11% VS2020

▼ 26% VS2020

▲ 23% VS2020

Therewere269condolistingsinCoquitlaminJuly,11% belowJuneand26%lowerthanJuly2020.

Julycondosalesdecreasedby3%month-over-month,to 141,andwere23%aboveJuly2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 32% 115 364

%Change

No. 49% 146 301

%Change

Thesales-to-listingratioforcondosinCoquitlam,at52%, reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

52% 141 269

11% 66% 23% -26%

-2% 0.4% 5% 8% -3% -11%

ThecondomedianpriceinJulywas$595,000,a5% increasefromJuneand11%aboveJuly2020. Theaveragesoldpricewas$598,088,0.4%abovelast month;theaveragePSFsalepricewas$719,up2%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$719 $598,088 $595,000

$734 $595,887 $567,000

$674 $558,536 $538,000

7% 7%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

370

398

364

387

363

301

267

269

234

266

201

211

203

146

139

185

130

141

154

15

138

131

108

106

107

105

$610K

$600K

$595K

$567K

$567K

$560K

$555K

$538K

$536K

$533K

$521K

$518K

$515K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

120

100%+

100

4+bdrms

2

80

10

63%

59%

3bdrms

60

37

40

89

2bdrms

158

20

11% 8%

0

42

<$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

6 8 133%

100 63 63%

112 66 59%

27 3 11%

12 1 8%

5 0 n/a

7 0 n/a

72

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 22 ●

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