coquitlam DETACHED - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2022
▲ 15% VS 2022
▲ 7% VS 2022
▼ 3% VS 2022
There were 240 detached listings in Coquitlam in November, 4% below October and 7% higher than November 2022. November detached home sales decreased by 27% month-over-month, to 36, and were 3% below November 2022. The sales-to-listing ratio for detached in Coquitlam, at 15%, reflected a balanced market. The detached median price in November was $1,780,444, a 7% increase from October and 15% above November 2022. The average sold price was $1,697,582, 3% below last month and up 4% to November 2022.
THIS MONTH No. $1,697,582 $1,780,444 15% 36 240
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,637,865 $1,550,000 17% 37 224
4% 15% -9% -3% 7%
$1,757,749 $1,665,000 20% 49 251
-23% -27% -4%
-3% 7%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
224
240
251
218
213
243
201
217
1.87
177
179
178
167
160
1.581.57
1.53
1.51 1.57
92
85
69
59
50
49
65
32
37
21
36
47
34
$1.81M $1.69M
$1.73M $1.85M
$1.67M $1.78M
$1.66M
$1.65M $1.70M $1.77M
$1.55M $1.52M $1.49M
22-Nov
23-Oct
23-Nov
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
70
100%
60
50
67%
40
30
20
28%
25%
13%
10
9%
6%
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
6 4 67%
1 1 100%
4 1 25%
23 2 9%
64 18 28%
62 8 13%
33 2 6%
47 0 n/a
Copyright © 2023 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 December 11, 2023. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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.
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