coquitlam DETACHED - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 14% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 85% VS 2023
▼ 1.8% VS 2023
▼ 1.5% VS 2023
▼ 36% VS 2023
There were 389 detached listings in Coquitlam in June, 6% above May and 85% higher than June 2023. June detached home sales decreased by 31% month-over-month, to 54, and were 36% below June 2023. The sales-to-listing ratio for detached in Coquitlam, at 14%, reflected a balanced market.
THIS MONTH No. $1,882,182 $1,793,000 14% 54 389
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,916,050 $1,820,325 40% 84 210
-1.8% -1.5% -65% -36% 85%
$1,907,974 $1,789,444 21% 78 366
-1.4% 0.2% -35% -31% 6%
The detached median price in June was $1,793,000, a 0.2% increase from May and 1.5% below June 2023.
The average sold price was $1,882,182, 1.4% below last month and down 1.8% to June 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
366
389
325
1.75
1.73
244
1.63
238
234
215
1.53
1.52
1.46
210
227
213
196
179
170
78
68
84
55
49
47
44
32
31
54
27
61
46
$1.82M $1.69M
$1.81M $1.79M
$1.81M $1.85M $1.82M $1.79M $1.79M
$1.75M $1.86M
$1.67M
$1.65M
23-Jun
24-May
24-Jun
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
120
100%
100
80
60
44%
40
23%
10%
20
6%
3%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
4 0 n/a
2 2 100%
25 11 44%
118 27 23%
88 9 10%
61 2 3%
48 3 6%
27 0 n/a
11 0 n/a
5 0 n/a
Copyright © 2024 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 July 8, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 20 ●
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