the rennie review | November 2023

coquitlam DETACHED -OCTOBER 2 0 2 3

SALES TO LISTINGSRATIO 20% BALANCEDMARKET

▶ MARKETSUMMARY Therewere251 detached listingsin Coquitlam in O ctober,3% aboveSeptem berand 12% higherthan October2022. O ctoberdetached hom esalesdecreased by 2% m onth-over-m onth,to 49,and were13% below O ctober 2022. Thesales-to-listing ratio fordetached in Coquitlam ,at 20% ,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$1,665,000,a 10% decreasefrom Septem berand 11% aboveO ctober 2022. Theaveragesold pricewas$1,757,749,9% below last m onth and up 4% toOctober2022.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 4% VS 2022

▲ 11% VS 2022

▲ 12% VS 2022

▼ 13% VS 2022

THISMONTH No. $1,757,749 $1,665,000 20% 49 251

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,697,391 $1,500,000 25% 56 224

4% 11% -22% -13% 12%

$1,921,309 $1,851,500 21% 50 243

-5% -2% 3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

-9% -10%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

251

224

218

213

243

224

201

217

1.71

177

1.57

1.581.57

1.53

179

178

1.50

167

160

92

85

69

59

50

56

65

32

49

21

47

37

34

$1.81M $1.69M

$1.73M $1.85M

$1.67M

$1.66M

$1.65M $1.70M $1.77M

$1.50M $1.55M $1.52M $1.49M

22-Oct

23-Sep 23-Oct

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

70

100%+

60

75%

50

40

43%

30

29%

20

14%

13%

10

8%

4%

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

7 1 14%

1 2 200%

4 3 75%

21 9 43%

72 21 29%

62 8 13%

36 3 8%

48 2 4%

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