new w estm inster TOWNHOME-APRIL 2023
SALES TO LISTINGSRATIO 106% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 11% VS 2022
▼ 14% VS 2022
0.0% VS 2022
▲ 171% VS 2022
Therewere18 townhom elistingsin N ew W estm insterin April,38% below M arch and nochangetoApril2022. Apriltownhom esalesincreased by280% m onth-over-m onth,to19,and were171% aboveApril 2022. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at106% ,reflected aselers'm arket. Thetownhom em edian pricein Aprilwas$930,000,a7% decreasefrom M arch and 14% below April2022. Theaveragesold pricewas$925,832,4% below last m onth;theaveragePSF salepricewas$677,up 2% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
19 18
$723 $1,040,786 $1,085,000 39% 7 18
-6% -11% -14% 171% 171% 0%
$663 $961,900 $995,000 17% 5 29
512% 280% -38%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$677 $925,832 $930,000 106%
2% -4% -7%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
29
32
28
28
31
25
22
23
19
15
19
18
18
18
12
13
7
8
7
7
3
2
5
4 4
$1.09M
$1.03M
$1.01M $970K $1.00M
$950K
$925K $958K $970K $995K $930K
$863K
$822K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
12
2 2
100%+ 100%+
10
4+ bdrms
8
11
3 bdrms
6
14
50%
4
6
2 bdrms
2
2
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
1 0 n/a
2 4 200%
5 11 220%
8 4 50%
2 0 n/a
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