the rennie review - July 2019

coquitlam

DETACHED - JUNE 2019

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 11 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

7 % DOWN

-

5 % UP

31 % UP

BALANCED 14 %

The number of detached listings in Coquitlam dipped to 572 in June, 0.7% below May but 5% higher year-over-year. The 80 detached sales in June represented an increase of 13% from May and a 31% jump vs June of last year. Coquitlam’s sales-to-listings ratio increased to 14% as the detached segment remained in balanced market territory. The benchmark price in June was $1.17M, virtu- ally unchanged from May and an 11% decrease year-over-year. The average sold price was $1.27M in June, up 1.3% from May but 7% below June 2018.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 576

% Change

No. 546

% Change

TOTAL LISTINGS

572

-0.7%

5%

TOTAL SALES

80

71

13% 13%

61

31% 25%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

14%

12%

11%

$1,166,100 $1,164,300 0.2% $1,313,500 -11% $1,265,065 $1,248,762 1.3% $1,356,538 -7%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

(MILLIONS)

$1.31

$1.31

$1.25

$1.21

2.38

$1.18

$1.17

$1.16

2.27

2.25

582

572

566

546

545

1.84

1.77

1.73

459

395

80

65

61

59

44

39

28

Jun-18

May-19

Jun-19

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY S-L RATIO

    

  

SELLER'S MARKET







BALANCED

BUYER'S MARKET







 

. . . 0 0 0 0 0       QD QD                

S-L RATIO SALES INVENTORY

CurrentasofJuly3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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