the rennie review - May 2021

coquitlam DETACHED-APRIL 2021

SALESTO LISTINGSRATIO 35% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 34% VS2020

▲ 40% VS2020

▲ 19% VS2020

▲ 282% VS2020

Therewere355detachedlistingsinCoquitlaminApril, 25%aboveMarchand19%higherthanApril2020. Aprildetachedhomesalesdecreasedby30% month-over-month,to126,andwere282%aboveApril 2020. Thesales-to-listingratiofordetachedinCoquitlam,at 35%,reflectedaseler'smarket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 64% 181 285

%Change

TOTALLISTINGS TOTALSALES

35% 126 355

$1,240,206 $1,182,000 11% 33 299

222% 282% 19%

-44% -30% 25%

ThedetachedmedianpriceinAprilwas$1,654,000,a6% increasefromMarchand40%aboveApril2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

Theaveragesoldpricewas$1,664,772,5%abovelast monthandup34%toApril2020.

$1,587,429 $1,555,000

5% 6%

$1,664,772 $1,654,000

34% 40%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

355

329

321

320

313

285

299

276

309

1.77

289

1.71

1.62

1.58

1.56

181

1.45

215

193 103

184

127 129

10

126

104

93

85

79

77

33

49

$1.65M

$1.56M $1.55M

$1.50M

$1.41M

$1.38M

$1.36M

$1.30M

$1.30M

$1.29M

$1.24M

$1.21M

$1.18M

Apr-20

Mar-21

Apr-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

100

80

65%

60

38%

40

33%

29%

18%

20

8%

3%

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

3 0 n/a

3 0 n/a

7 2 29%

30 10 33%

82 31 38%

108 70 65%

44 8 18%

48 4 8%

30 1 3%

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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