coquitlam
CONDO - OCTOBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 2 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 35 %
9 % DOWN
0.8 % DOWN
20 % DOWN
72 % UP
The 297 condo listings in Coquitlam in October were down 15% from September and 20% lower vs October 2018. Year-over-year condo sales rose by 72% in October (to 108) and were 18% higher vs September. The sales-to-listings ratio increased to 35%, as Coquitlam’s condo market remained in seller’s market territory. The condo benchmark price in October was $517,000, relatively unchanged from September and a 2% decrease vs October 2018. The average sold price was $551,234 in October (up 2% vs September) while the average PSF sales price was $633 (a 1.9% increase vs September).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 349
% Change
No. 370
% Change
TOTAL LISTINGS
297 103 35%
-15% 18% 39%
-20% 72% 114%
TOTAL SALES
87
60
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
25%
16%
$517,000 $518,200 $551,234 $537,872
-0.2% $529,000 2% $555,588
-2%
-0.8%
$633
$621
1.9%
$698
-9%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$529,000 $519,000 $523,300 $511,500 $514,600 $524,300 $517,000
413
399
370
383
297
279
271
103
82
64
64
61
60
43
COQUITLAM REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
12
3+ bdrms
BUYER'S MARKET
24
60
2 bdrms
199
31
<2 bdrms
. . . . 0 0 0 0 QD QD QD
74
S-L RATIO SALES INVENTORY
Copyright © 2019 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 November 6, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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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