coquitlam
CONDO MARCH
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 31 %
4 % DOWN
21 % DOWN
30 % UP
The 252 condo listings in Coquitlam in March were up 8% from February but 21% lower vs March 2019. Year-over-year condo sales increased 30% in March (to 79) but were 10% lower vs February. The sales-to-listings ratio decreased to 31%, as Coquitlam’s condo market remained in seller’s market territory. The condo benchmark price in March was $541,900, 0.5% higher month-over-month and 4% above March 2019. The average sold price was $532,279 in March (rela- tively unchanged vs February) while the average PSF sales price was $673 (a 1.2% increase vs February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 233
% Change
No. 318
% Change
TOTAL LISTINGS
252
8%
-21% 30% 63%
TOTAL SALES
79
88
-10% -17%
61
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
31%
38%
19%
$541,900 $539,000 $532,279 $530,820
0.5% $522,800 0.3% $553,338
4%
-4%
$673
$665
1.2%
$628
7%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$522,800 $517,100 $516,400 $518,200 $518,200 $521,900 $541,900
404
402
367
318
289
252
184
98
93
87
77
79
71
61
COQUITLAM REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
4
3+ bdrms
BUYER'S MARKET
25
42
2 bdrms
157
33
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
70
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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