the rennie review - August 2023

coquitlam CONDO -JULY 2023

SALES TO LISTINGSRATIO 40% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 3% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 5% VS 2022

▲ 8% VS 2022

▼ 3% VS 2022

▲ 42% VS 2022

Therewere258 condolistingsin Coquitlam in July,14% aboveJuneand 3% lowerthan July2022.

Julycondosalesdecreased by18% m onth-over-m onth,to 102,and were42% aboveJuly2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No. 55% 124 226

% Change

Thesales-to-listing ratio forcondosin Coquitlam ,at40%, reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

40% 102 258

$833 $676,935 $631,000 27% 72 265

46% 42% -3%

-1.8% 0.2% -1.2% -28% -18% 14%

Thecondom edian pricein Julywas$681,500,a1.2% decreasefrom Juneand 8% aboveJuly2022. Theaveragesold pricewas$710,362,0.2% abovelast m onth;theaveragePSF salepricewas$861,down 1.8% tolastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$861 $710,362 $681,500

$876 $709,223 $690,000

3% 5% 8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 202 ● JUL 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

288

285

265

247

258

268

219

213

226

201

193

188

188

130

124

109

106

84

102

75

74

99

72

73

48

35

$683K $685K $677K $690K $682K

$672K

$631K $648K $638K $635K $655K $625K

$616K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

100

4+ bdrms

80

7

60

62%

3 bdrms

33

51%

50%

40

33%

56

21% 20%

2 bdrms

20

154

0

39

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

<2 bdrms

S-L RATIO SALES INVENTORY

3 1 33%

47 29 62%

99 50 51%

78 16 21%

20 4 20%

6 0 n/a

4 2 50%

1 0 n/a

71

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