new w estm inster CONDO -APRIL 2023
SALES TO LISTINGSRATIO 57% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 5% VS 2022
▼ 3% VS 2022
▼ 5% VS 2022
▼ 29% VS 2022
Therewere127 condolistingsin N ew W estm insterin April,5% aboveM arch and 5% lowerthan April2022.
Aprilcondosalesdecreased by5% m onth-over-m onth,to 72,and were29% below April2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 77% 102 133
% Change
No.
% Change
Thesales-to-listing ratio forcondosin N ew W estm inster, at57% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$709 $632,476 $610,250 57% 72 127
-26% -29% -5%
$708 $603,853 $582,500 63% 76 121
0.1% 5% 5% -10% -5% 5%
Thecondom edian pricein Aprilwas$610,250,a5% increasefrom M arch and 3% below April2022. Theaveragesold pricewas$632,476,5% abovelast m onth;theaveragePSF salepricewas$709,up 0.1% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$760 $662,877 $630,000
-7% -5% -3%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
175
171
171
168
165
161 161
128
127
133
122
121
19
102
81
76
72
82
59
62
36
52
51
48
44
26
$630K
$630K $590K
$631K
$598K $602K $586K
$583K $610K
$575K $555K
$562K $602K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
50
4+ bdrms
85%
40
9
3 bdrms
30
54%
15
50%
20
32%
35
2 bdrms
10
75
0
28
<$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
6 0 n/a
41 35 85%
54 29 54%
19 6 32%
2 0 n/a
4 2 50%
1 0 n/a
37
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