the rennie review - August 2022

coquitlam CONDO -JULY 202

SALES TO LISTINGSRATIO 27% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 16% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 13% VS 2021

▲ 6% VS 2021

▼ 1.5% VS 2021

▼ 49% VS 2021

Therewere265 condolistingsin Coquitlam in July,3% aboveJuneand 1.5% lowerthan July2021.

Julycondosalesdecreased by40% m onth-over-m onth,to 72,and were49% below July2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 52% 141 269

% Change

No. 47% 120 257

% Change

Thesales-to-listing ratio forcondosin Coquitlam ,at27%, reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

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

-48% -49% -1.5%

0.5% -4% -6% -42% -40% 3%

Thecondom edian pricein Julywas$631,000,a6% decreasefrom Juneand 6% aboveJuly2021. Theaveragesold pricewas$676,935,4% below last m onth;theaveragePSF salepricewas$833,up 0.5% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$829 $705,877 $670,000

$719 $598,088 $595,000

16% 13% 6%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

274

269

265

241

223

257

247

230

179

21

157

154

141

161

141

120

149

148

1

143

105

132

125

102 102

72

$755K

$740K $707K

$708K $707K

$670K $631K

$639K $680K

$595K $608K $597K $608K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

120

100%+

4+ bdrms

100

4

80

6

3 bdrms

60

37

45%

33%

40

39

25%

21%

2 bdrms

17%

148

20

0

27

<$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

1 2 200%

60 27 45%

116 29 25%

59 10 17%

14 3 21%

3 1 33%

9 0 n/a

3 0 n/a

76

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