coquitlam CONDO - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 26% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 28% VS 2022
▲ 9% VS 2022
▼ 3% VS 2022
▼ 5% VS 2022
There were 315 condo listings in Coquitlam in November, 8% below October and 28% higher than November 2022. November condo sales increased by 4% month-over-month, to 82, and were 9% above November 2022. The sales-to-listing ratio for condos in Coquitlam, at 26%, reflected a sellers' market. The condo median price in November was $622,500, a 7% decrease from October and 5% below November 2022. The average sold price was $673,896, 1.8% below last month; the average PSF sale price was $854, down 0.5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$854 $673,896 $622,500 26% 82 315
$811 $692,132 $654,900 30% 75 247
5% -3% -5% -14% 9% 28%
$859 $686,524 $670,000 23% 79 343
-0.5% -1.8% -7% 13% 4% -8%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2022 ● NOV 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
343
298
315
258
247
219
213
226
225
201
193
188
106 188
130
124
120
84
102
82
99
75
83
79
48
35
$720K
$705K
$690K
$683K
$685K
$682K
$677K
$672K
$670K
$655K
$625K
$623K
$616K
COQUITLAM
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
120
100%
4+ bdrms
1
100
80
3
3 bdrms
28
60
46%
40
43
23%
2 bdrms
17%
187
20
11% 12%
0
36
<$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
0 2 n/a
80 37 46%
124 29 23%
84 9 11%
17 2 12%
6 1 17%
2 2 100%
2 0 n/a
99
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. 22 ●
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