new w estm inster TOWNHOME-MAY 202
SALES TO LISTINGSRATIO 34% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 27% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 22% VS 2021
▲ 16% VS 2021
▼ 11% VS 2021
▼ 31% VS 2021
Therewere32 townhom elistingsin N ew W estm insterin M ay,78% aboveApriland 11% lowerthan M ay2021. M aytownhom esalesincreased by57% m onth-over-m onth,to11,and were31% below M ay 2021. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at34% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$1,012,000,a 7% decreasefrom Apriland 16% aboveM ay2021. Theaveragesold pricewas$1,016,245,2% below last m onth;theaveragePSF salepricewas$705,down 2% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
11 32
16 36
27% 22% 16% -23% -31% -11%
$723 $1,040,786 $1,085,000 39% 7 18
-2% -2% -7% -12% 57% 78%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$705 $1,016,245 $1,012,000 34%
$556 $832,056 $875,000 44%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2021 ● MAY 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
40
36
32
30
25
25
23
23
20
19
19
17
17
21
19
16
18
18
18
15
14
1
9
7
7
5
$1.03M $1.09M
$1.01M
$960K $984K
$875K $842K
$880K $865K $930K
$851K $828K $897K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
14
3 3
12
4+ bdrms
10
8
5
3 bdrms
55%
16
50%
6
4
3
23%
2 bdrms
20%
12
2
0
<$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 0 n/a
5 1 20%
13 3 23%
11 6 55%
2 1 50%
1
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