coquitlam TOWNHOME - MAY 2 0 2 4
SALES TO LISTINGS RATIO 30% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.1% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.8% VS 2023
▲ 57% VS 2023
▼ 4% VS 2023
▼ 23% VS 2023
There were 135 townhome listings in Coquitlam in May, 13% above April and 57% higher than May 2023.
May townhome sales increased by 3% month-over-month, to 40, and were 23% below May 2023.
THIS MONTH No. $722 $1,103,442 $1,100,000 30% 40 135
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for townhomes in Coquitlam, at 30%, re(ected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
52 86
0.1% 0.8% -4% -51% -23% 57%
$696 $1,230,781 $1,190,900 33% 39 120
4% -10% -8% -9% 3% 13%
The townhome median price in May was $1,100,000, a 8% decrease from April and 4% below May 2023. The average sold price was $1,103,442, 10% below last month; the average PSF sale price was $722, up 4% to last month.
$721 $1,094,509 $1,149,000 60%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAY 2023 ● MAY 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
135
120
112
109
103
97
95
98
96
86
93
60
70
70
47
52
37
36
49
40
39
37
34
32
23
23
$1.19M $1.14M $1.19M
$1.16M $1.21M
$1.16M
$1.15M $1.20M
$1.10M
$1.10M
$1.08M $1.08M
$1.06M
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
60
9
50
4+ bdrms
43
40
63%
22
3 bdrms
30
65
45%
38%
20
9
20%
2 bdrms
15%
26
10
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
1
S-L RATIO SALES INVENTORY
8 5 63%
20 9 45%
45 17 38%
55 8 15%
5 1 20%
1 0 n/a
1 0 n/a
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 June 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 21 ●
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