the rennie review - June 2021

coquitlam CONDO-MAY 2021

SALESTO LISTINGSRATIO 49% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 3% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 14% VS2020

▲ 22% VS2020

▼ 13% VS2020

▲ 167% VS2020

Therewere267condolistingsinCoquitlaminMay,27% aboveApriland13%lowerthanMay2020.

Maycondosalesdecreasedby15%month-over-month, to131,andwere167%aboveMay2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 73% 154 211

%Change

Thesales-to-listingratioforcondosinCoquitlam,at49%, reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

49% 131 267

$696 $539,088 $499,500 16% 49 307

207% 167% -13%

-1.9% 0.9% 1.7% -33% -15% 27%

ThecondomedianpriceinMaywas$610,000,a1.7% increasefromApriland22%aboveMay2020. Theaveragesoldpricewas$614,917,0.9%abovelast month;theaveragePSFsalepricewas$719,up1.9%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$719 $614,917 $610,000

$732 $609,259 $600,000

3% 14% 22%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

370

367

398

387

364

363

267

307

266

201

234

21

203

139

185

130

15

131

154

138

85

108

106

107

105

49

$610K

$600K

$567K

$560K

$555K

$538K

$536K

$533K

$521K

$518K

$515K

$510K

$500K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

1 1

100

4+bdrms

78%

80

5

58%

3bdrms

60

52%

38

40

33%

86

26%

2bdrms

20%

20

170

0

39

<$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

9 7 78%

108 56 52%

97 56 58%

31 8 26%

9 3 33%

5 1 20%

8 0 n/a

58

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 22 ●

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