rennie review - March 2023

coquitlam TOWNHOME-FEBRUARY 2023

SALES TO LISTINGSRATIO 70% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere50 townhom elistingsin Coquitlam in February,11% below Januaryand 67% higherthan February2022. Februarytownhom esalesincreased by600% m onth-over-m onth,to 35,and were3% below February 2022. Thesales-to-listing ratio fortow nhom esin Coquitlam ,at 70% ,reflected aselers'm arket. Thetownhom em edian pricein Februarywas $1,050,000,a20% increasefrom Januaryand 13% below February2022. Theaveragesold pricewas$1,008,989,10% abovelast m onth;theaveragePSF salepricewas$631,down 3% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 15% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 13% VS 2022

▼ 13% VS 2022

▲ 67% VS 2022

▼ 3% VS 2022

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

35 50

36 30

-15% -13% -13% -42% -3% 67%

$652 $914,180 $873,900 9% 5 56

684% 600% -11%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$631 $1,008,989 $1,050,000 70%

$738 $1,156,098 $1,200,000 120%

-3% 10% 20%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 202 ● FEB 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

82 83

69

68

75

64

62

56

66 46

62

50

35

44

44

32

36

25

35

30

14

21

19

16

5

14

$1.20M $1.17M $1.19M

$1.05M

$1.02M $1.07M

$999K $960K

$991K $1000K $1.02M $998K

$874K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

8

100%

100%+

100%+

15

4+ bdrms

16

23

10

3 bdrms

55%

21

5

4

24%

2 bdrms

12

0

<$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%

5 7 140%

11 6 55%

14 17 121%

17 4 24%

1 0 n/a

1 0 n/a

1

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