the rennie review - January 2022

coquitlam CONDO-DECEMBER 2021

SALESTO LISTINGSRATIO 109% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 20% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 28% VS2020

▲ 32% VS2020

▼ 62% VS2020

▼ 20% VS2020

Therewere102condolistingsinCoquitlamin December,35%belowNovemberand62%lowerthan December2020. Decembercondosalesdecreasedby26% month-over-month,to111,andwere20%below December2020. Thesales-to-listingratioforcondosinCoquitlam,at 109%,reflectedaselers'market. ThecondomedianpriceinDecemberwas$680,000,a 6%increasefromNovemberand32%aboveDecember 2020. Theaveragesoldpricewas$696,239,7%abovelast month;theaveragePSFsalepricewas$856,up8%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 52% 139 266

%Change

No. 95% 149 157

%Change

TOTALLISTINGS TOTALSALES

111 102

108% -20% -62%

8% 7% 6% 15% -26% -35%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$856 $696,239 $680,000 109%

$792 $653,571 $638,888

$711 $543,683 $515,000

20% 28% 32%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2020 ● DEC 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

301

267

266

241

269

247

201

234

179

21

203

157

185

146

141

161

139

154

149

141

138

131

132

11

105

102

$680K

$639K

$610K

$608K

$608K

$600K

$597K

$595K

$567K

$567K

$560K

$555K

$515K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

50

1 1

100%+ 100%+

4+bdrms

40

6

30

3bdrms

21

50%

20

67

25%

2bdrms

10

14% 17%

65

0

37

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

0 3 n/a

14 32 229%

29 52 179%

42 21 50%

4 1 25%

7 1 14%

6 1 17%

15

Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 22 ●

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