the rennie review - March 2021

coquitlam

DETACHED  FEBRUARY 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 16 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

26 % UP

-

26 % DOWN

57 % UP

SELLER’S 46 %

The number of detached listings in Coquitlam increased to 228 in February, 13% above January but 26% lower year-over-year. The 105 detached sales in February represented an increase of 36% from January and were 57% higher vs February of last year. Coquitlam’s sales-to-listings ratio increased to 46% as the detached segment remained in seller’s market territory. The benchmark price in February was $1.36M, 3% higher vs last month and a 16% increase year-over-year. The average sold price was $1.61M in February, up 3% vs last month and 26% higher vs last year.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 202

% Change

No. 307

% Change

TOTAL LISTINGS

228 105 46%

13% 36% 21%

-26% 57% 111%

TOTAL SALES

77

67

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

38%

22%

$1,363,000 $1,321,100 $1,608,240 $1,565,557

3% $1,176,000 3% $1,278,758

16% 26%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.36

$1.29

$1.26

$1.23

$1.22

$1.21

$1.18

1.88

1.86

1.75

359

346

329

320

1.33

1.33

307

1.29

228

198

129

103

105

85

81

67

33

Feb-20

Jan-21

Feb-21

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

         . . . 0 0 0 0 0  QD                       S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET         

Copyright © 2021 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 March 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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.

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