coquitlam DETACHED - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 12% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2023
▲ 8% VS 2023
▲ 90% VS 2023
▲ 17% VS 2023
There were 463 detached listings in Coquitlam in October, 3% below September and 90% higher than October 2023. October detached home sales increased by 20% month-over-month, to 55, and were 17% above October 2023. The sales-to-listing ratio for detached in Coquitlam, at 12%, re)ected a buyers' market.
THIS MONTH No. $1,843,280 $1,800,000 12% 55 463
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,757,228 $1,665,000 19% 47 244
5% 8% -38% 17% 90%
$1,763,589 $1,700,000 10% 46 475
23% 20% -3%
The detached median price in October was $1,800,000, a 6% increase from September and 8% above October 2023.
The average sold price was $1,843,280, 5% above last month and up 5% to October 2023.
5% 6%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
463
424
475
458
366
390
325
1.61 1.57
1.60 1.65
1.581.57
234
244
227
196
179
170
78
55
52
44
39
32
31
27
55
47
61
54
46
$1.82M $1.79M $1.79M $1.74M $1.73M
$1.81M $1.79M
$1.81M $1.85M
$1.70M $1.80M
$1.67M
$1.65M
23-Oct
24-Sep
24-Oct
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
120
100
80
60
28%
27%
40
17%
8%
20
6%
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
2 0 n/a
12 2 17%
26 7 27%
124 35 28%
100 6 6%
63 5 8%
78 0 n/a
35 0 n/a
14 0 n/a
9 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 November 12, 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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