the rennie review: February 2023

coquitlam CONDO -JANUARY 2023

SALES TO LISTINGSRATIO 22% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere219 condolistingsin Coquitlam in January, 16% aboveD ecem berand 115% higherthan January 2022. January condo salesincreased by 33% m onth-over-m onth,to 48,and were54% below January 2022. Thesales-to-listing ratio forcondosin Coquitlam ,at22%, reflected aselers'm arket. Thecondom edian pricein Januarywas$671,500,a8% changefrom D ecem berand 9% below January2022. Theaveragesold pricewas$695,648,11% abovelast m onth;theaveragePSF salepricewas$842,up 8% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 4% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 8% VS 2022

▼ 9% VS 2022

▲ 115% VS 2022

▼ 54% VS 2022

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 105 102

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$842 $695,648 $671,500 22% 48 219

-79% -54% 115%

$780 $628,438 $622,500 19% 36 188

8% 11% 8% 14% 33% 16%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$876 $754,333 $739,900 103%

-4% -8% -9%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 202 ● JAN 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

274

265

285 288

247

268

223

257

219

230

21

154

188

120

147

109

143

105

125

75

74

102

74

72

48

36

$755K

$740K $707K

$708K $707K

$672K

$670K $631K $648K $638K $635K $655K $623K

COQUITLAM

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

80

100%+

4+ bdrms

60

4

3 bdrms

27

40

28

25% 23%

25%

20

2 bdrms

15% 14%

124

0

16

<$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

1 2 200%

59 15 25%

81 19 23%

52 8 15%

14 2 14%

8 2 25%

3 0 n/a

1 0 n/a

68

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