new w estm inster DETACHED -MAY 202
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 14% VS 2021
▲ 12% VS 2021
▲ 1.1% VS 2021
▼ 59% VS 2021
Therew ere 95 detached listingsin N ew W estm insterin M ay,13% aboveApriland 1.1% higherthan M ay2021. M ay detached hom esalesdecreased by 22% m onth-over-m onth,to18,and were59% below M ay 2021. Thesales-to-listing ratio fordetached in N ew W estm inster,at19% ,reflected abalanced m arket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
18 95
44 94
14% 12% -60% -59% 1.1%
23 84
-12% -13% -31% -22% 13%
Thedetachedm edian pricein M aywas$1,487,500,a 13% decreasefrom Apriland 12% aboveM ay2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,620,361 $1,487,500 19%
$1,839,863 $1,703,000 27%
$1,424,764 $1,329,000 47%
Theaveragesold pricewas$1,620,361,12% below last m onth and up 14% toM ay2021.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
95
94
84
78
1.72
68
1.69
75
1.61
1.57
56
67
1.52
63
1.47
60
45
44
48
29
41 21
29
28
32
29
18
23
23
21
18
14
$1.61M
$1.60M $1.70M $1.68M $1.64M $1.70M
$1.49M
$1.40M $1.50M
$1.35M
$1.33M $1.33M $1.36M
May-21
Apr-22
May-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
35
30
25
20
15
42%
10
18%
14%
5
5%
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
3 0 n/a
24 10 42%
34 6 18%
19 1 5%
7 1 14%
5 0 n/a
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