new w estm inster CONDO -MAY 202
SALES TO LISTINGSRATIO 41% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 17% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 22% VS 2021
▲ 21% VS 2021
▼ 25% VS 2021
▼ 46% VS 2021
Therewere171 condolistingsin N ew W estm insterin M ay,29% aboveApriland 25% lowerthan M ay2021.
M aycondosalesdecreased by31% m onth-over-m onth, to70,and were46% below M ay2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 57% 129 228
% Change
No. 77% 102 133
% Change
Thesales-to-listing ratio forcondosin N ew W estm inster, at41% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$723 $655,180 $630,444 41% 70 171
17% 22% 21% -28% -46% -25%
-5% -1.2% 0.1% -47% -31% 29%
Thecondom edian pricein M aywas$630,444,a0.1% increasefrom Apriland 21% aboveM ay2021. Theaveragesold pricewas$655,180,1.2% below last m onth;theaveragePSF salepricewas$723,down 5% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$760 $662,877 $630,000
$618 $537,795 $519,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2021 ● MAY 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
241
228 239
235
225
209
179
171
149
129
18
129
12
10
104
133
19
80
106
104
102
102
96
95
73
70
$641K $675K
$630K $630K
$570K $614K
$564K $561K $558K
$519K $550K $555K $550K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
70
1
100%
4+ bdrms
60
50
5
3 bdrms
40
12
50%
44%
30
36%
48
20
2 bdrms
17%
105
10
0
16
<$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 1 17%
72 26 36%
66 33 50%
18 8 44%
2 2 100%
6 0 n/a
1 0 n/a
54
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