the rennie review - January 2022

coquitlam DETACHED-DECEMBER 2021

SALESTO LISTINGSRATIO 57% SELLERS'MARKET

▶ MARKETSUMMARY Therewere118detachedlistingsinCoquitlamin December,22%belowNovemberand39%lowerthan December2020. Decemberdetachedhomesalesdecreasedby27% month-over-month,to67,andwere35%below December2020. Thesales-to-listingratiofordetachedinCoquitlam,at 57%,reflectedaselers'market. ThedetachedmedianpriceinDecemberwas$1,700,000, a1.0%decreasefromNovemberand21%above December2020. Theaveragesoldpricewas$1,897,366,7%abovelast monthandup25%toDecember2020.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 25% VS2020

▲ 21% VS2020

▼ 39% VS2020

▼ 35% VS2020

THISMONTH No. $1,897,366 $1,700,000 57% 67 118

PREVIOUSYEAR

PREVIOUSMONTH

No. 53% 103 193

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

25% 21% 6% -35% -39%

$1,769,139 $1,717,500 61% 92 152

-27% -22%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

7% -1% -6%

$1,520,734 $1,405,000

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

320

354 354

285

1.671.63 1.641.64 1.70 1.47

224

261

181

193

215

169

201

154

152

184

101

99

18

92

126

126

103

104

103

67

77

74

$1.72M

$1.70M

$1.65M

$1.63M

$1.57M

$1.56M $1.55M

$1.55M

$1.52M

$1.50M

$1.50M

$1.44M

$1.41M

Dec-20

Nov-21

Dec-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

35

100%

100%+ 100%+

30

25

20

46%

15

10

20%

12%

5

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-LRATIO SALES INVENTORY

4 0 n/a

1 0 n/a

1 1 100%

10 16 160%

15 28 187%

26 12 46%

35 7 20%

26 3 12%

Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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