coquitlam CONDO - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 31% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.9% VS 2023
▲ 1.5% VS 2023
▲ 34% VS 2023
▲ 78% VS 2023
There were 460 condo listings in Coquitlam in October, 3% below September and 34% higher than October 2023.
October condo sales increased by 72% month-over-month, to 141, and were 78% above October 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in Coquitlam, at 31%, re)ected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
141 460
$858 $686,460 $670,000 23% 79 343
1.7% 0.9% 1.5% 33% 78% 34%
$848 $682,362 $673,389 17% 82 472
3% 1.5% 1% 76% 72% -3%
The condo median price in October was $680,000, a 1.0% increase from September and 1.5% above October 2023. The average sold price was $692,720, 1.5% above last month; the average PSF sale price was $873, up 3% to last month.
$873 $692,720 $680,000 31%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
430
460
472
375
417
380
315
343
289
311
250
224
219
131
141
106
94
82
118
79
106
94
90
82
59
59
$717K
$718K
$702K
$688K
$684K
$680K
$670K
$673K
$673K
$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
200
4+ bdrms
1
150
10
3 bdrms
50%
35
100
41%
33%
77
21% 19%
50
2 bdrms
275
9%
0
54
<$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
116 47 41%
201 66 33%
107 22 21%
21 4 19%
11 1 9%
2 1 50%
1 0 n/a
1 0 n/a
149
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. 22 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online