the rennie review - July 2019

coquitlam

TOWNHOME - JUNE 2019

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 8 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

1.1 % UP

67 % UP

53 % UP

BALANCED 19 %

5 % DOWN

There were 155 townhome listings in Coquitlam in June 2019, unchanged from May and 67% above June 2018. The 29 townhome sales in June were down by 3 vs May but 10 above June 2018. The sales-to-listings ratio decreased to 19% as Coquitlam’s townhome market transitioned to bal- anced market territory. The townhome benchmark price in June was $657,300, 2% belowMay and 8% lower vs June 2018. The average sold price was $770,207, with an average PSF sales price of $469 (up 4% and virtually unchanged, respectively, vs May).

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 155

% Change

No.

% Change

TOTAL LISTINGS

155

0.0%

93 19

67% 53% -8% -8% 1.1%

TOTAL SALES

29

32

-9% -9%

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

19%

21%

20%

$657,300 $671,500 $770,207 $738,019

-2% $712,300 4% $761,521 -0.2% $495

$469

$470

-5%

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$712,300 $690,500 $681,000 $667,900 $656,200 $662,500 $657,300

155

147

131

113

100

93

90

35

29

28

26

25

19

16

COQUITLAM REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY S-L RATIO

SALES TOTAL INVENTORY





SELLER'S MARKET

  



BALANCED

7



4+ bdrms



BUYER'S MARKET



45



17



3 bdrms

84





5



<3 bdrms

. . . . 0 0 0 0 QD    QD QD QD QD                

26

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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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