the rennie review: February 2023

coquitlam DETACHED -JANUARY 2023

SALES TO LISTINGSRATIO 13% BALANCEDMARKET

▶ MARKETSUMMARY Therewere167 detached listingsin Coquitlam in January,6% below D ecem berand 24% higherthan January2022. January detached hom esalesdecreased by m onth-over-m onth,to 21,and were56% below January 2022. Thesales-to-listing ratio fordetached in Coquitlam ,at 13% ,reflected abalanced m arket. Thedetachedm edian pricein Januarywas$1,485,000,a 2% decreasefrom D ecem berand 23% below January 2022. Theaveragesold pricewas$1,546,238,4% below last m onth and down 23% toJanuary2022.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 23% VS 2022

▼ 23% VS 2022

▲ 24% VS 2022

▼ 56% VS 2022

THISMONTH No. $1,546,238 $1,485,000 13% 21 167

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$2,004,494 $1,930,500 36% 48 135

-23% -23% -65% -56% 24%

$1,602,844 $1,520,000 18% 32 178

-30% -34% -6%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

-4% -2%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

246

230

256

224

252

230

1.70

224

224

192

1.68

1.60

200

1.56

1.52

167

178

120

1.30

135

89

56

79

49

68

48

32

52

49

47

37

21

$1.93M $1.86M $1.90M $1.84M

$1.79M $1.70M $1.67M

$1.59M $1.72M

$1.50M $1.55M $1.52M $1.49M

Jan-22

Dec-22

Jan-23

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

50

40

67%

30

38%

20

10

15%

3%

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-L RATIO SALES INVENTORY

0 1 n/a

2 0 n/a

3 2 67%

21 8 38%

54 8 15%

31 1 3%

32 1 3%

24 0 n/a

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