the rennie review - August 2023

coquitlam TOWNHOME-JULY 2023

SALES TO LISTINGSRATIO 51% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 1.8% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 0.1% VS 2022

▲ 7% VS 2022

▲ 12% VS 2022

▲ 147% VS 2022

Therewere93 townhom elistingsin Coquitlam in July, 4% below Juneand 12% higherthan July2022. Julytownhom esalesdecreased by4% m onth-over-m onth,to 47,and were147% aboveJuly 2022. Thesales-to-listing ratio fortow nhom esin Coquitlam ,at 51% ,reflected aselers'm arket. Thetownhom em edian pricein Julywas$1,095,000,a 8% decreasefrom Juneand 7% aboveJuly2022. Theaveragesold pricewas$1,038,853,7% below last m onth;theaveragePSF salepricewas$670,down 1.6% tolastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

47 93

19 83

1.8% 0.1% 7% 121% 147% 12%

49 97

-4% -4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$670 $1,038,853 $1,095,000 51%

$658 $1,037,768 $1,020,000 23%

$681 $1,114,030 $1,195,000 51%

-1.6% -7% -8% 0%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 202 ● JUL 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

93

86

97

83

69

75

62

56

52

62

50

62

47

51

49

35

32

44

25

34

14

19

25

5

16

14

$1.14M $1.13M $1.15M $1.20M

$1.10M

$1.05M

$1.02M $1.07M

$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

40

9

100%+ 100%+

4+ bdrms

33

30

22

3 bdrms

50

20

41%

16

26%

2 bdrms

10

17%

10

0

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

S-L RATIO SALES INVENTORY

0 1 n/a

5 9 180%

8 11 138%

39 16 41%

35 9 26%

6 1 17%

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