rennie review - January 2020

coquitlam

DETACHED - DECEMBER 2019

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 4 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

12 % UP

-

32 % DOWN

82 % UP

BALANCED 19 %

The number of detached listings in Coquitlam fell to 262 in December, 35% below November and 32% lower year-over-year. The 51 detached sales in December represented a decrease of 43% from November but an 82% jump vs December of last year. Coquitlam’s sales-to-listings ratio decreased to 19% as the detached segment transitioned to balanced market territory. The benchmark price in December was $1.16M, 0.8% above November but a 4% decrease year-over-year. The average sold price was $1.53M in December, up 24% vs November and 12% above December 2018.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 400

% Change

No. 386

% Change

TOTAL LISTINGS

262

-35% -43% -13%

-32% 82% 168%

TOTAL SALES

51

89

28 7%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

19%

22%

$1,164,300 $1,154,800 0.8% $1,214,300

-4% 12%

$1,532,355 $1,236,003

24% $1,364,096

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

(MILLIONS)

$1.21

$1.18

$1.17

$1.16

$1.16

$1.16

$1.15

1.82

1.79

1.76

586

532

532

470

447

1.29

1.26

1.24

386

262

97

80

78

65

51

39

28

Dec-18

Nov-19

Dec-19

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY S-L RATIO

            . . . 0 0 0 0 0 QD QD                       S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET        

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 January 6, 2020. All data from RealEstateBoardof 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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