the rennie review - September 2022

coquitlam TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 43% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere75 townhom elistingsin Coquitlam in August,10% below Julyand 50% higherthan August 2021. Augusttownhom esalesincreased by68% m onth-over-m onth,to32,and were26% below August 2021. Thesales-to-listing ratio fortow nhom esin Coquitlam ,at 43% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$1,074,000,a 5% increasefrom Julyand 19% aboveAugust2021. Theaveragesold pricewas$1,031,672,0.6% below last m onth;theaveragePSF salepricewas$662,up 0.6% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 15% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 14% VS 2021

▲ 19% VS 2021

▲ 50% VS 2021

▼ 26% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

32 75

43 50

15% 14% 19% -50% -26% 50%

19 83

0.6% -0.6% 5% 86% 68% -10%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$662 $1,031,672 $1,074,000 43%

$574 $901,422 $900,000 86%

$658 $1,037,768 $1,020,000 23%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

82 83

75

68

64

66 46

50 43

44

40

36

44

32

31

26

35

34

30

16

24

23

21

19

14

9

$1.24M $1.20M $1.17M $1.19M

$1.16M

$1.02M $1.07M

$999K $960K

$982K $980K $1.05M

$900K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

25

11

100%

4+ bdrms

15

20

64%

12

15

3 bdrms

42

50% 50%

50%

10

8

2 bdrms

5

18

11%

0

1

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

1 1 100%

11 7 64%

14 7 50%

26 13 50%

19 2 11%

4 2 50%

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 21 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online