the rennie review - May 2021

coquitlam CONDO-APRIL 2021

SALESTO LISTINGSRATIO 73% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 15% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 16% VS2020

▲ 15% VS2020

▼ 23% VS2020

▲ 267% VS2020

Therewere211condolistingsinCoquitlaminApril,5% aboveMarchand23%lowerthanApril2020.

Aprilcondosalesdecreasedby17%month-over-month, to154,andwere267%aboveApril2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 92% 185 201

%Change

Thesales-to-listingratioforcondosinCoquitlam,at73%, reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

73% 154 211

$638 $525,255 $520,500 15% 42 274

376% 267% -23%

-21% -17% 5%

ThecondomedianpriceinAprilwas$600,000,a8% increasefromMarchand15%aboveApril2020. Theaveragesoldpricewas$609,259,5%abovelast month;theaveragePSFsalepricewas$732,up2%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$732 $609,259 $600,000

$717 $579,705 $555,000

2% 5% 8%

15% 16% 15%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2020 ● APR 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

370

367

398

387

364

363

307

274

234

266

201

21

203

139

185

130

154

15

138

85

108

106

107

105

42

49

$600K

$567K

$560K

$555K

$538K

$536K

$533K

$521K

$521K

$518K

$515K

$510K

$500K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

80

4+bdrms

2

82% 84%

60

70%

10

3bdrms

55%

24

40

97

20

2bdrms

14%

135

0

47

<$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

10 7 70%

84 69 82%

79 66 84%

20 11 55%

8 0 n/a

3 0 n/a

7 1 14%

50

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 22 ●

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