coquitlam CONDO - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 25% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.7% VS 2023
▲ 68% VS 2023
▼ 2% VS 2023
▼ 24% VS 2023
There were 380 condo listings in Coquitlam in June, 1.3% above May and 68% higher than June 2023.
June condo sales decreased by 11% month-over-month, to 94, and were 24% below June 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 124 226
% Change
No. 106 375
% Change
The sales-to-listing ratio for condos in Coquitlam, at 25%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$866 $691,659 $702,000 25% 94 380
-1.2% -2% 1.7% -55% -24% 68%
-0.2% -6% -2% -12% -11% 1.3%
The condo median price in June was $702,000, a 2% decrease from May and 1.7% above June 2023. The average sold price was $691,659, 6% below last month; the average PSF sale price was $866, down 0.2% to last month.
$876 $709,223 $690,000 55%
$868 $732,034 $717,500 28%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
380
343
375
315
298
289
311
258
226
250
225
224
219
131
120
106
124
82
118
94
106
102
83
79
59
59
$720K
$717K
$718K
$705K
$702K
$690K
$682K
$688K
$670K
$668K
$667K
$662K
$623K
COQUITLAM
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
4+ bdrms
150
2
3
100
3 bdrms
27
32%
28%
50
60
20%
2 bdrms
225
4%
0
31
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
92 29 32%
172 48 28%
81 16 20%
23 1 4%
9 0 n/a
2 0 n/a
1 0 n/a
126
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. 22 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online