the rennie review - April 2020

coquitlam

TOWNHOME  MARCH 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 6 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

SELLER’S 56 %

6 % UP

14 % UP

39 % DOWN

45 % UP

There were 75 townhome listings in Coquitlam in March, 15% above February but 39% lower vs March 2019. The 42 townhome sales in March were up by 6 month-over-month and up by 13 year-over-year. The sales-to-listings ratio slightly increased to 56% as Coquitlam’s townhome market remained in sell- er’s market territory. The townhome benchmark price in March was $679,600, 1.2% above February and 6% higher vs March 2019. The average sold price was $813,357, with an average PSF sales price of $483 (0.3% lower and 3% higher, respectively, vs February).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No. 123

% Change

TOTAL LISTINGS

75 42

65 36

15% 17% 1.1%

-39% 45% 138%

TOTAL SALES

29

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

56%

55%

24%

$679,600 $671,500 $813,357 $816,183

1.2% $638,500 -0.3% $766,552

6% 6%

$483

$471

3%

$425

14%

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$679,600

$638,500 $671,500 $653,200 $651,300 $644,200 $664,900

159

157

140

123

97

75

63

49

40

42

33

32

29

28

COQUITLAM REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  



BALANCED



14

4+ bdrms

BUYER'S MARKET



35





26

3 bdrms



30







2



<3 bdrms

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

10

S-L RATIO SALES INVENTORY

Copyright © 2020 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 April 3, 2020. 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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