the rennie review - December 2020

coquitlam

DETACHED  NOVEMBER 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 10 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

16 % UP

-

29 % DOWN

3 % UP

SELLER’S 31 %

The number of detached listings in Coquitlam decreased to 293 in November, 8% below October and 29% lower year-over-year. The 92 detached sales in November represented a decrease of 29% from October but were 3% higher vs November of last year. Coquitlam’s sales-to-listings ratio fell to 31% as the detached segment remained in seller’s market territory. The benchmark price in November was $1.27M, 0.9% higher vs last month and a 10% increase year-over-year. The average sold price was $1.43M in November, up 1.6% vs last month and 16% higher vs last year.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 320 129 40%

% Change

No. 410

% Change

TOTAL LISTINGS

293

-8%

-29%

TOTAL SALES

92

-29% -22%

89

3%

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

31%

22%

45% 10% 16%

$1,272,900 $1,262,100 0.9% $1,154,800 $1,428,873 $1,406,280 1.6% $1,236,003

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.27

$1.24

$1.23

$1.22

$1.19

$1.17

$1.15

1.81

1.80

1.79

1.32

1.31

1.24

410

357

341

340

337

315

293

127

111

92

89

75

49

39

Nov-19

Oct-20

Nov-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

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

Copyright © 2020 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 December 3, 2020. 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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