new w estm inster DETACHED -APRIL 2023
SALES TO LISTINGSRATIO 26% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 13% VS 2022
▼ 9% VS 2022
▼ 12% VS 2022
▼ 17% VS 2022
Therew ere 74 detached listingsin N ew W estm insterin April,17% aboveM arch and 12% lowerthan April2022. A prildetached hom esalesincreased by 19% m onth-over-m onth,to19,and were17% below April 2022. Thesales-to-listing ratio fordetached in N ew W estm inster,at26% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
19 74
23 84
-13% -9% -6% -17% -12%
16 63
7% 5% 1.1% 19% 17%
Thedetachedm edian pricein Aprilwas$1,549,000,a5% increasefrom M arch and 9% below April2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,593,714 $1,549,000 26%
$1,485,944 $1,473,500 25%
$1,839,863 $1,703,000 27%
Theaveragesold pricewas$1,593,714,7% abovelast m onth and down 13% toApril2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
84
89
88 90
88
87
76
84
74
1.72
1.71
63
1.67
1.57
63
63
1.52
1.48
59
20
23
17
16
19
12
1
13
1
1
9 9
9
$1.70M
$1.52M
$1.48M
$1.47M $1.55M
$1.47M $1.55M
$1.37M $1.32M $1.37M
$1.34M
$1.24M $1.23M
22-Apr
23-M ar 23-Apr
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
25
20
75%
15
42%
10
27%
5
13%
6%
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
3 0 n/a
4 3 75%
11 3 27%
26 11 42%
16 1 6%
6 0 n/a
8 1 13%
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