the rennie review: February 2023

coquitlam TOWNHOME-JANUARY 2023

SALES TO LISTINGSRATIO 9% BUYERS'MARKET

▶ MARKETSUMMARY Therewere56 townhom elistingsin Coquitlam in January,27% aboveD ecem berand 250% higherthan January2022. Januarytownhom esalesdecreased by64% m onth-over-m onth,to 5,and were64% below January 2022. Thesales-to-listing ratio fortow nhom esin Coquitlam ,at 9% ,reflected abuyers'm arket. Thetownhom em edian pricein Januarywas$873,900,a 12% changefrom D ecem berand 30% below January 2022. Theaveragesold pricewas$914,180,9% below last m onth;theaveragePSF salepricewas$652,up 4% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 13% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 22% VS 2022

▼ 30% VS 2022

▲ 250% VS 2022

▼ 64% VS 2022

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change -13% -22% -30% -90% -64% 250%

No.

% Change

TOTALLISTINGS TOTALSALES

$652 $914,180 $873,900 9% 5 56

14 16

14 44

-12% -72% -64% 27%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$749 $1,172,900 $1,239,900 88%

$626 $1,005,657 $997,900 32%

4% -9%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 202 ● JAN 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

82 83

69

68

75

64

62

56

66 46

62

36

44

44

32

25

35

30

14

16

21

19

16

14

14

5

$1.24M $1.20M $1.17M $1.19M

$1.02M $1.07M

$999K $960K

$991K $1000K $1.02M $998K

$874K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

20

4+ bdrms

10

15

2

3 bdrms

36

10

29%

3

5

2 bdrms

10

8% 10%

0

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

<2 bdrms

S-L RATIO SALES INVENTORY

7 2 29%

8%

21 2 10%

15 0 n/a

13 1

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