the rennie review - August 2022

coquitlam DETACHED -JULY 202

SALES TO LISTINGSRATIO 20% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 10% VS 2021

▲ 10% VS 2021

▼ 6% VS 2021

▼ 52% VS 2021

Therew ere 246 detached listingsin Coquitlam in July, 4% below Juneand 6% lowerthan July2021. July detached hom esalesincreased by 4% m onth-over-m onth,to49,and were52% below July 2021. Thesales-to-listing ratio fordetached in Coquitlam ,at 20% ,reflected abalanced m arket.

THISMONTH No. $1,756,194 $1,670,000 20% 49 246

PREVIOUSYEAR

PREVIOUSMONTH

No. 39% 103 261

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

10% 10% -50% -52% -6%

$1,747,657 $1,702,000 18% 47 256

8% 4% -4%

Thedetachedm edian pricein Julywas$1,670,000,a 1.9% decreasefrom Juneand 10% aboveJuly2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,756,194,0.5% abovelast m onth and up 10% toJuly2021.

0.5% -1.9%

$1,597,774 $1,515,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

261

246

224

256

252

1.77

192

224

1.76

201

200

1.641.62

152

169

1.45

1.43

120

135

101

99

92

103

18

89

79

74

68

67

49

48

47

$1.93M $1.86M $1.90M $1.84M

$1.79M $1.70M $1.67M

$1.63M $1.72M $1.70M

$1.52M $1.55M $1.57M

Jul-21

Jun-22

Jul-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

100%+

80

60

40

35%

31%

25%

20%

20

7%

3%

0

<$600K

$600-799K

$800-999K

$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M

$2.0M -2.49M

$2.5M -2.99M

$3M+

S-L RATIO SALES INVENTORY

2 3 150%

1 0 n/a

8 2 25%

31 11 35%

88 18 20%

36 11 31%

36 1 3%

44 3 7%

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