the rennie review - September 2022

coquitlam CONDO -AUGUST 202

SALES TO LISTINGSRATIO 28% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 9% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 6% VS 2021

▲ 6% VS 2021

▲ 9% VS 2021

▼ 48% VS 2021

Therewere268 condolistingsin Coquitlam in August, 1.1% aboveJulyand 9% higherthan August2021.

Augustcondosalesincreased by3% m onth-over-m onth, to74,and were48% below August2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 57% 141 247

% Change

No.

% Change

Thesales-to-listing ratio forcondosin Coquitlam ,at28%, reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$825 $653,695 $647,500 28% 74 268

-52% -48% 9%

$833 $676,935 $631,000 27% 72 265

-0.9% -3% 3% 1.6% 3% 1.1%

Thecondom edian pricein Augustwas$647,500,a3% increasefrom Julyand 6% aboveAugust2021. Theaveragesold pricewas$653,695,3% below last m onth;theaveragePSF salepricewas$825,down 0.9% tolastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$757 $619,101 $608,000

9% 6% 6%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

274

268

241

265

247

223

257

230

179

21

157

154

161

141

120

149 1

147

143

105

132

125

102 102

74

72

$755K

$740K $707K

$708K $707K

$670K $631K $648K

$639K $680K

$608K $597K $608K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

100

4+ bdrms

4

80

3

60

3 bdrms

41

48%

40

32%

38

2 bdrms

20%

20

159

10% 10%

0

33

<$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

0 2 n/a

58 28 48%

105 34 32%

67 7 10%

20 2 10%

5 1 20%

9 0 n/a

4 0 n/a

64

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